Roth Conversion Conundrum

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Topic Author
GeekGal
Posts: 35
Joined: Fri Aug 09, 2019 1:05 pm

Re: Roth Conversion Conundrum

Post by GeekGal » Thu Mar 26, 2020 3:14 pm

Dear BGs,
Hope all of you are healthy and well.
Based on what I can find, the amount converted from tiRA to Roth IRA counts towards AGI. Correct? I am hoping I am wrong.
-GG

Alan S.
Posts: 9361
Joined: Mon May 16, 2011 6:07 pm
Location: Prescott, AZ

Re: Roth Conversion Conundrum

Post by Alan S. » Thu Mar 26, 2020 3:27 pm

GeekGal wrote:
Thu Mar 26, 2020 3:14 pm
Dear BGs,
Hope all of you are healthy and well.
Based on what I can find, the amount converted from tiRA to Roth IRA counts towards AGI. Correct? I am hoping I am wrong.
-GG
The taxable portion of your conversion is included in AGI. The non taxable portion does not.
However, the conversion is NOT included in modified AGI (MAGI) for purposes of qualifying to make a regular Roth contribution.

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