bobandsherry
Thinks s/he gets paid by the post
- Joined
- Nov 24, 2015
- Messages
- 2,692
I understand with no earned income I am unable to take any deduction for IRA. I am considering doing an in-plan Roth conversion for a small portion ($30K) of my 401K this year. As I understand the Roth conversion ($30K) will be reported as "gross income", would that then qualify as "earned income" for purpose of taking IRA deduction? I think not but thought I'd ask.
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