riskadverse
Full time employment: Posting here.
- Joined
- Oct 21, 2002
- Messages
- 717
I'm starting my taxes and have already run into a gray area which someone here may be able to answer. I have 3 types of IRA's.
1. Traditional (with some after tax contributions).
2. Rollover IRA (a former 401K with no after tax contributions)
3. Roth IRA (with all after tax contributions).
This year I made a conversion of 20K worth of the Traditional IRA to the Roth IRA. The tax program is calculating the percentage of the traditional IRA(s) that are pre tax and post tax. It is asking me the value of all my "simple" IRA's. My question is: Is the Rollover IRA considered one of my "simple" IRA's?
1. Traditional (with some after tax contributions).
2. Rollover IRA (a former 401K with no after tax contributions)
3. Roth IRA (with all after tax contributions).
This year I made a conversion of 20K worth of the Traditional IRA to the Roth IRA. The tax program is calculating the percentage of the traditional IRA(s) that are pre tax and post tax. It is asking me the value of all my "simple" IRA's. My question is: Is the Rollover IRA considered one of my "simple" IRA's?