I did a backdoor Roth conversion this year with a new non-Roth IRA account that started with $0. After the conversion, my brokerage credited the non-Roth IRA account with $.91 (<$1) in interest for the days the money was sitting in my regular IRA.
Is there something that I should do with this left over interest before the start of the new year?
Can I convert the .91 cents and pay the taxes on it? Are there any negative implications with this?
Will this <$1 of interest impact my ability to do a future Roth conversion?
Thanks for any guidance on this issue because I was not expecting this small interest payment and my research so far has not shed any light on this topic.
[link] [comments]
Tags
Entrepreneur
Finance
FinancialFreedom
FinancialIndependence
FinancialLiteracy
Investing
Investment
Money
MoneyGoals
PersonalFinance
RichLife
Success
Wealth
WealthBuilding