Hi,
Due to some not-so-smart decisions (followed by a lot of procrastination) I realized my vanguard roth contributions for 2017 I made early in the year are over the acceptable limit.
I was hoping to do a backdoor roth instead, but have never been in this situation before. My vanguard account currently contains traditional IRA that is non-taxed.
If I were to open an IRA and roth IRA at Schwab (or any other non-vanguard brokerage), contribute 5500 to the IRA, then transfer the 5500 to the roth, would that be ok? Or does the pro-rata rule count all IRA holdings at all brokerage firms?