Author Topic: Tax implications??  (Read 974 times)

droh82

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Tax implications??
« on: September 16, 2018, 01:08:36 PM »
A while back i opened a Vanguard Traditional IRA and the $5500 contributions i made for 2014 and 2015 were deducted on my taxes.

My employers 401k is with Fidelity and i have been making after-tax contributions each paycheck as my plan allows in-service distributions.

I opened both a traditional and Roth IRA with Fidelity to make rollovers easier as I want to rollover my after tax CONTRIBUTIONS to Roth IRA and the after-tax EARNINGS to the Fidelity Traditional IRA.

Will there be any tax implications when I roll over after-tax earnings to Fidelity traditional IRA if I have deductible contributions in my vanguard traditional IRA?

Will there be any pro-rata implications?

MDM

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Re: Tax implications??
« Reply #1 on: September 16, 2018, 04:33:21 PM »
No and no.

Despite the similarity in name, the mega-backdoor Roth differs significantly from a backdoor Roth.

See Have We Missed the Boat on Roth Conversions? - Bogleheads.org for a recent related discussion.