Hi folks,
This is my first attempt at a Backdoor Roth and I'm running into issues. I have a Rollover IRA at Fidelity of about ~13k and a Roth IRA. Do I need to roll that 13k into another 401k or are the taxes on converting the 13k minimal? Also, can I just open a new Traditional IRA or do I have to use my Rollover IRA?
I'm hoping to get this all done so I can report it for 2018.
Thanks in advance!