Roth Conversion Income Count in MAGI
If I convert 50k from my TIRA to my Roth IRA, does that 50k of taxable income count toward my eligibility of making a regular Roth IRA contribution in the same tax year??
Thank you!
If I convert 50k from my TIRA to my Roth IRA, does that 50k of taxable income count toward my eligibility of making a regular Roth IRA contribution in the same tax year??
Thank you!
Permalink Submitted by Alan - IRA critic on Thu, 2021-10-07 18:15
No, the conversion is subtracted from AGI and therefore will not affect your regular Roth contribution eligibility.