Backdoor Roth Conversion- what to do with leftover interest after conversion?

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.

submitted by /u/bordxdiii
[link] [comments]

Post a Comment

Previous Post Next Post