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Backdoor Roth and pro-rata rule

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  • Backdoor Roth and pro-rata rule

    I am working on setting up my first backdoor Roth, for 2017.  I file as married, filing jointly.  My husband and I both have our own traditional IRAs.  Does the pro-rata rule apply only to accounts in my name?  Or does it apply to all our accounts together as "one unit"?  I receive 1099 income so it would be straightforward for me to open a solo 401k.  Can I rollover my husband's tIRA money into my solo 401k.  He receives only W2 income.  Thank you for any input

     

  • #2
    i believe the prorata is per person, since IRAs are individual. so whoever wants to do a backdoor roth is subject if there are IRAs of any kind.

    no you cannot move his account to yours. he needs his own 401k to move it to.

     

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    • #3


      i believe the prorata is per person, since IRAs are individual. so whoever wants to do a backdoor roth is subject if there are IRAs of any kind.
      Click to expand...


      Correct. IRAs are individual as are any backdoor-ing and pro-rata-ing rules associated with them.

      Comment


      • #4


        i believe the prorata is per person, since IRAs are individual. so whoever wants to do a backdoor roth is subject if there are IRAs of any kind.
        Click to expand...


        Correct. IRAs are individual as are any backdoor-ing and pro-rata-ing rules associated with them.

        Comment

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