Did I mess up my Backdoor Roth?

[forouza1]

A few days ago I put my $5500 into Vanguard traditional IRA. It went into a Federal Money Market Fund. I had to wait 7 days for the funds to settle. I was going t go ahead and do the backdoor conversion but now I noticed my account says the balance is $5500.17. Agh!! Its seems I am going to have a balance of $0.17 after the conversion in my traditional IRA. Did I mess it up?

[Dreamgiver]

Haha you must be as OCD as I am...no, no mess up, it's all good.

[jz]

You can leave the $ 0.17 there for next year.  You will use the  $ 0.17 account again next year.

[Dr. Mom]

On IRS forms you round to the dollar.  Just move the total amount and don't worry about it.  In the future tell your brokerage to set up a sweep so any pennies that show up after the rollover get swept to the Roth.

[Peds]

nope. thats good.

next time move the entire amount over.

you just end up pay tax on it.

so assume 25% of 0.17 is 0.04.....cents.

which gets rounded to the nearest dollar on your taxes.

so zero.

 

you worried for zero!

[forouza1]

Thanks all for your prompt response.