Rules Convert Ira To Roth
May 30th, 2005
Question: Do I need to fill out an 8606 if I do an immediate conversion?
Since I don’t qualify to be able to contribute to a Roth because of my income, if I fund a non-deductible IRA and immediately convert it to a Roth to get around the rule, do I still have to file an 8606 next year? This seems like a really stupid bureaucratic step. Why don’t they just get rid of the income limit?
The main question is about needing to file the 8606, not about the pointlessness of it if I do have to…
Answer: the rules were set in place for a reason
if you are not eligible to fund an IRA because you did not have earnings it was designed so people with earnings could have some small advantage, not to allow those who have more than enough they don’t need the small advantages
How to Convert IRA Real Estate to a Roth
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