Late Roth Conversion
Trustee erred in converting a traditional to a roth, transferring funds in January instead of December. Does anyone know of any favorable rulings in that area. What would the cost of a PLR be for this issue?
Trustee erred in converting a traditional to a roth, transferring funds in January instead of December. Does anyone know of any favorable rulings in that area. What would the cost of a PLR be for this issue?
Permalink Submitted by Alan - IRA critic on Wed, 2014-04-23 01:55
Need more info. Are you saying that the IRA custodian simply did not complete the conversion when ordered, or did not complete it fast enough to have it fall in the prior year?