Tred. IRA conversion to Roth
Are you required to have earned income in the same year if you only convert part of a Traditional IRA into a Roth IRA ? ( No regular IRA contributions made in the year of conversion.)
Are you required to have earned income in the same year if you only convert part of a Traditional IRA into a Roth IRA ? ( No regular IRA contributions made in the year of conversion.)
Permalink Submitted by Alan Spross on Wed, 2012-02-15 20:32
There is no earned income requirement for conversions, either full or partial.
A conversion is not affected by whether a regular contribution to the IRA is made or not.