Hey all, had an issue, hoping to get some advice.
Did backdoor Roth at Fidelity, no issues. Went back to look at accounts several weeks later, and now there $0.01 in traditional IRA. Must have accrued interest in the day or so before conversion. What is my best move now? I know the math works out so that it probably doesn't matter with the pro-rata rule, nor with tax on conversion. Should I leave it in the traditional IRA? Convert it to Roth? If I convert to Roth will I have to complete two separate 8606 forms since there were two transactions?
Thanks for any help.
Did backdoor Roth at Fidelity, no issues. Went back to look at accounts several weeks later, and now there $0.01 in traditional IRA. Must have accrued interest in the day or so before conversion. What is my best move now? I know the math works out so that it probably doesn't matter with the pro-rata rule, nor with tax on conversion. Should I leave it in the traditional IRA? Convert it to Roth? If I convert to Roth will I have to complete two separate 8606 forms since there were two transactions?
Thanks for any help.
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