Roth Conversion with non-deductible contributions
If a client does a partial conversion of an IRA that contains non-deductible contributions, do the pro rata rules apply in the same manner as a back door Roth IRA contribution? Client has an IRA and SEP. I’m assuming the CPA will account for it on the form 8606.
Submitted by Kevin Kennedy on Fri, 2024-11-22 06:35