Transfer my IRA directly to a Roth IRA
We have a client that would like to transfer his IRA directly into his Roth IRA…can this be done in one transaction?
We have a client that would like to transfer his IRA directly into his Roth IRA…can this be done in one transaction?
Permalink Submitted by Alan - IRA critic on Thu, 2015-02-12 19:00
Yes. It is like an other IRA to IRA transfer except that it is reportable on a 1099R and taxable less any IRA basis.