The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Distribution of Non-deductible Contribution||Date: 11/15/2012 1:27 PM|
|Author: hk2||Number: 116912 of 122521|
I contribute to a employee-sponsored 401K.
I also split my annual contribution between a traditional and Roth IRAs.
It now appears that my modified AGI will be above the threshold for taking a deduction for the contribution to the tranditional IRA
1. How would I verify this is the case before the end of the year?
2. If that's the case, what's the best way for me to withdraw that non-deductable contribution from the traditional IRA and place it in the Roth IRA for TY 2012?
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