Hey All,
Happy New Year.
2024 was the first year I did a backdoor Roth IRA. Today, I went to deposit 2025’s contribution into my traditional IRA (to then convert to a Roth IRA) and noticed there was $0.54 in the tIRA.
Is this a big deal? What do I do?
I have deposited $7,000 so my balance will be $7,000.54 in a few days. I wouldn’t think I can move the $0.54 over to the Roth IRA since that would result in a contribution over the annual limit.
Happy New Year.
2024 was the first year I did a backdoor Roth IRA. Today, I went to deposit 2025’s contribution into my traditional IRA (to then convert to a Roth IRA) and noticed there was $0.54 in the tIRA.
Is this a big deal? What do I do?
I have deposited $7,000 so my balance will be $7,000.54 in a few days. I wouldn’t think I can move the $0.54 over to the Roth IRA since that would result in a contribution over the annual limit.
Statistics: Posted by NBKCF — Wed Jan 01, 2025 12:36 pm — Replies 4 — Views 153