Here is my dilemma. I have a 401k through my job and my wife's job provides her with an individual IRA. In January 2017 I contributed 5500 each to both my wife and my traditional IRA accounts and subsequently converted them to Roths (something I have been doing for several years). Soon after however, I was enlightened that my wife's Individual IRA creates a tax consequence on Roth conversions so for 2017 I quickly reversed the conversion back to the traditional IRA. After listening to listening to a recent WCI podcast this AM however, WCI mentioned that spousal IRAs are considered separate entities when determining eligibility/tax consequenses for Roth conversions. So as I now understand it, I can convert my personal Roth IRA without the consequence, however my wife cannot have hers converted to a Roth without the tax consequence. Correct?
If so I am planning on reconverting my 2017 traditional IRA back to a Roth and doing my own personal backdoor Roth in 2018. Sound right?
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