IRA contrib, conversion, excess
Client made a 2014 trad ira contribution. The ira dollars were also converted to a roth ira in 2014. Now the client wants to remove the ira contribution as unwanted. Do you have to rech the roth conversion and then remove the excess from the trad ira in two steps OR just remove the excess from the roth?
Permalink Submitted by Alan - IRA critic on Tue, 2015-04-14 22:40
Two steps so client will get 1099R forms that match up. The return will be from the same type of IRA for which the contribution was reported.