Re: #4 - the non-deductible TIRA contribution may earn a few dollars in dividends before conversion. Advise your daughter to convert the entire TIRA balance to Roth as the 12/31 TIRA balance should be zero to avoid pro rated taxes. The few dollars in TIRA earnings converted to Roth will be taxable (minimal).
Your daughter may find the BH wiki page about backdoor Roth, linked below, helpful. Especially the section about Form 8606. Not every tax preparer properly completes Form 8606.
https://www.bogleheads.org/wiki/Backdoor_Roth
Your daughter may find the BH wiki page about backdoor Roth, linked below, helpful. Especially the section about Form 8606. Not every tax preparer properly completes Form 8606.
https://www.bogleheads.org/wiki/Backdoor_Roth
Statistics: Posted by HomeStretch — Sat Nov 01, 2025 10:06 pm — Replies 3 — Views 209