As I understand it, if you have multiple TIRAs, the IRS considers them all as one with regards to Roth IRA conversions, correct?
Reason I ask is because I realized I forgot to claim a TIRA contribution on my taxes back in 2009, and I want to move it to a Roth IRA. That TIRA is unfortunately in a CD with a bank and doesn't mature until July. I have another TIRA with Fidelity, the one I rolled over from my 401k, and I'm thinking I can just do the conversion from that account now. I already filed an 8606 for this. I wish I'd caught this sooner and could have filed an amended return, and I wish I'd done this conversion earlier in the year of course, two bads on me! Then there's the CD with a bank: three bads!!!
Reason I ask is because I realized I forgot to claim a TIRA contribution on my taxes back in 2009, and I want to move it to a Roth IRA. That TIRA is unfortunately in a CD with a bank and doesn't mature until July. I have another TIRA with Fidelity, the one I rolled over from my 401k, and I'm thinking I can just do the conversion from that account now. I already filed an 8606 for this. I wish I'd caught this sooner and could have filed an amended return, and I wish I'd done this conversion earlier in the year of course, two bads on me! Then there's the CD with a bank: three bads!!!