megabackdoor roth and backdoor roth in the same year?

[westcoaster]

Is there any concern for doing a megabackdoor roth and a backdoor roth in the same year? My 401k allows for source-based rollover so I guess I am one of the rare/lucky ones. My CPA was not sure I would be able to do a backdoor roth in the same year but I suspect I can -- one is a rollover without limitation, the other is restricted to the $5500 limit.

 

Any one else have thoughts on this?

[jfoxcpacfp]

westcoaster wrote:

Is there any concern for doing a megabackdoor roth and a backdoor roth in the same year? My 401k allows for source-based rollover so I guess I am one of the rare/lucky ones. My CPA was not sure I would be able to do a backdoor roth in the same year but I suspect I can — one is a rollover without limitation, the other is restricted to the $5500 limit.

 

Any one else have thoughts on this?

Click to expand...

Indeed, you are one of the lucky ones. No problem with doing so. The "mega" Roth is a rollover and the back-door is a conversion, just to be accurate on terminology.