I have a new Vanguard brokerage account where I've been doing the backdoor Roth for a few years now. It's very simple, I contribute nondeductible $ into a TIRA, then in the balances and holdings, there's an explicit option to "convert to Roth IRA". Great!
My spouse has the old style mutual fund account, and apparently we've forgotten to convert the TIRA into Roth for several years now
But no big deal, I went in to do the conversion, but the "convert to Roth IRA" option was not available. I Googled around and saw this post (http://www.physicianonfire.com/backdoor/) which has screencaps that look just like my spouse (I guess he must have the old style account as well). But going to "retirement contributions and distributions" only allows conversion of one year at a time. So instead I simply went under "buy and sell" and did an "exchange" of funds from TIRA into the existing Roth IRA.I'm hoping that I did this correctly in the old mutual fund account. Are there any tax implications of doing it this way? Oddly enough, when I convert in my Brokerage account, Vanguard says they CANNOT withhold any taxes. When I converted in my spouse's old MF account, Vanguard says they can withhold if it is at least 10%. I hope we'll still get the right tax forms for my spouse's multiyear conversion.
Hope there are enough old MF account holdouts that this post is still relevant.
