Skip to main content
No. of Recommendations: 0
"Contributions for 2010 can be made up until April 18, 2011. However, conversions are on a calendar year basis, so any conversion done in 2011 will be taxed in 2011, not 2010."

So a 2010 TIRA can be made before April 15, 2011, but the conversion is for 2011 tax year? Then can another 2011 TIRA contribution be made and converted this year? And since we are talking about nondeductible IRA conversions, there is no tax liability unless the temporary TIRA throws off income between establishment and conversion to Roth?
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.