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Trying to maximize Backdoor Roth IRA with small amount in a traditional IRA
Trying to maximize Backdoor Roth IRA with small amount in a traditional IRA I will speak to my accountant on this but just more so I know what to expect: I currently have ~$1,500 in a traditional IRA (it's mostly/all in single stocks) that I never deducted on since I was over the income limit. If I plan to convert this to a ROTH IRA to avoid pro rata rule for backdoor Roth IRA, I presume this will also still trigger a ...
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