Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I have several IRA accounts, of which 2 of 3 contain non-deductable contributions. My question is: Can I convert just one or two of these IRA's to Roth IRA's next year or is it all IRA accounts or none? Also, assuming I can convert one or two of the IRA's with non-deductable contributions, how would I handle the 8086 form and how would I figure how much tax I owe?

Thanks for any help.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
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.