I moved 8k to an IRA then back doored the entire amount to my Roth earlier this year, April?I then moved 200k to a separate roll over ira account late September. Did I trigger the pro-rata or does it depend on something else?
Pro-Rata Question & How to Navigate.
byu/Opposite_Lettuce_267 intax
Posted by Opposite_Lettuce_267
2 Comments
The Pro-Rata rule is based on all of your applicable balances at the end of the year. If you have a $200k IRA balance at the end of the year, then the Pro-Rata rule will definately apply.
You can fill out a sample form 8606 to see how this works.
I believe you will owe taxes on 96% of your 8k conversion (200k/208k). You’ll have $7,692 of non-deductible contributions remaining in your traditional IRA.