g********n
发帖数: 251 | 1 If I convert $5000 to traditional IRA now for year 2010 and then immediately
convert to roth IRA, is this counted as roth 2010 or 2011?
in other words,can I make anothere contribution up to $5000 for year 2011
and then convert to IRA again?
thanks a lot! | X****r
发帖数: 3557 | 2 Contribution and conversion are totally different things.
If you haven't contribute to IRA (of any kind) at all for 2010,
you can contribute $5000 for 2010 and another $5000 for 2011 now.
Whether you contribute to traditional IRA or Roth IRA (if you
qualify), or to a mix of them, is your own choice.
On the other hand, you can convert part or all Traditional IRA
to Roth IRA. How much you convert does not affect your $5000 annual
contribution limit. Conversion may have tax consequence so you
need to fill corresponding entries in form 8606.
immediately
2011
【在 g********n 的大作中提到】
: If I convert $5000 to traditional IRA now for year 2010 and then immediately
: convert to roth IRA, is this counted as roth 2010 or 2011?
: in other words,can I make anothere contribution up to $5000 for year 2011
: and then convert to IRA again?
: thanks a lot!
| k*****u
发帖数: 1313 | 3 Can we convert to Roth in 2011? I think it is only one time thing for 2010.
If I convert $5000 to traditional IRA now for year 2010 and then immediately
convert to roth IRA, is this counted as roth 2010 or 2011?
in other words,can I make anothere contribution up to $5000 for year 2011
and then convert to IRA again?
thanks a lot!
【在 g********n 的大作中提到】
: If I convert $5000 to traditional IRA now for year 2010 and then immediately
: convert to roth IRA, is this counted as roth 2010 or 2011?
: in other words,can I make anothere contribution up to $5000 for year 2011
: and then convert to IRA again?
: thanks a lot!
| t***s
发帖数: 4666 | 4 you can convert in 2011, or in 2012, or in 2013, or any year, until
the congress change the law.
immediately
【在 k*****u 的大作中提到】
: Can we convert to Roth in 2011? I think it is only one time thing for 2010.
:
: If I convert $5000 to traditional IRA now for year 2010 and then immediately
: convert to roth IRA, is this counted as roth 2010 or 2011?
: in other words,can I make anothere contribution up to $5000 for year 2011
: and then convert to IRA again?
: thanks a lot!
| g********n
发帖数: 251 | 5 Thanks for your detailed info.
【在 X****r 的大作中提到】
: Contribution and conversion are totally different things.
: If you haven't contribute to IRA (of any kind) at all for 2010,
: you can contribute $5000 for 2010 and another $5000 for 2011 now.
: Whether you contribute to traditional IRA or Roth IRA (if you
: qualify), or to a mix of them, is your own choice.
: On the other hand, you can convert part or all Traditional IRA
: to Roth IRA. How much you convert does not affect your $5000 annual
: contribution limit. Conversion may have tax consequence so you
: need to fill corresponding entries in form 8606.
:
|
|
