A few years back I opened a traditional rollover IRA that should have been a Roth IRA. There's currently 44000 in there what's the best way to fix this? Should I reach out to an accountant etc? Any advice and guidance is greatly appreciated.
Posted by tboneski216
2 Comments
You have $44k in a traditional (pre tax) IRA that came from a 401k?
You can do a Roth conversion -a taxable event.
What was in box 7 of the 1099-r you got for the rollover