converting tiras to roth iras
I have rolled over a tira to a rira in April. It was in a separate tira. Can I convert another tira to another roth ira this year , it also being in a separate tira.
I have rolled over a tira to a rira in April. It was in a separate tira. Can I convert another tira to another roth ira this year , it also being in a separate tira.
Permalink Submitted by Alan Spross on Wed, 2008-08-06 01:01
Yes, there is no limit to the number of conversions you can do. But keep them in separate IRAs in case you want to recharacterize one and not the other due to the investment experience.
Of course, if your modified AGI exceeds 100,000 you would have to recharacterize both of them.