2010 Contribution Conversions
Are there any issues in fully funding 2010 SEP and IRA contributions and then converting them to a Roth prior to the end of 2010? Thanks.
Are there any issues in fully funding 2010 SEP and IRA contributions and then converting them to a Roth prior to the end of 2010? Thanks.
Permalink Submitted by Alan Spross on Wed, 2010-11-24 01:13
No problems. But note that the pro rate rules apply in determining how much of the conversion is taxable based on the adjusted year end values of all SEP, SIMPLE or TIRA accounts.