
Backdoor Roth Conversion Strategy
DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing
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The Backdoor Roth Mechanism
The IRS looks at individual IRAs as pro-rata. So it's not, you can't designate one account as your sort of backdoor IRA account. If there are gains in that account, then he has to pay tax on the gained portion. Going the route of buying in a traditional investing and then converting is not what you typically do.
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