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Annoyingly so if you are doing a Backdoor Roth Conversion. Now I'm filing extra paperwork for the $1 interest that is taxed.
by ashconnor 4y ago
Annoyingly so if you are doing a Backdoor Roth Conversion. Now I'm filing extra paperwork for the $1 interest that is taxed.
- dmoy 4y agoIt's exactly the same amount of paperwork you always need to file for a backdoor Roth. It just means you end up with a $1 on a specific line of 8606 that would otherwise be a zero. You'd still need to fill out 8606 either way.