This is an old thread, but I would suggest that when you do the backfilling from taxable, call and talk to people at the custodian,Not mentioned in the thread, but a logical extension is one minimizing all withholdings throughout the year on earned income, pension, etc... and do one tIRA to Roth conversion with enough withheld to meet safe harbor provisions, backfilling from taxable. That would enable the money to continue to grow through the year since the withholding is considered "timely" and won't be subject to underpayment "pay-as-you-earn" penalties.
and make sure that they know that this is not a contribution, but a rollover replacing money that was withheld in the recent Roth Conversion.
Statistics: Posted by VanGar+Goyle — Wed Dec 04, 2024 6:31 am