OK, I've just gone through the whole process to take advantage of the Roth IRA conversion rules.
I'm in the process of rolling over my Rollover IRA into my employer's 401K plan.
I contributed to a non-deductible traditional IRA for 2009.
Now a few questions -
- Can I rollover this non-deductible IRA to a Roth IRA with basically no tax liability? [My other retirement accounts are a Roth IRA and my employer's 401K.]
- Can I do this immediately, or do I need to wait till next year because I just recently did the rollover from the non-traditional IRA to the 401K?
- Can I make a contribution to a non-deductible IRA for 2010 now and roll over the 2009/2010 contributions together?
Thanks, Anoop