keegan
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 17 Jan 2016
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| Roth IRA Conversion Pro Rata Rule |
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Hi everyone,
I was looking to take advantage of the backdoor ROTH, and luckily read up on the pro rata rule.
I do have other traditional and rollover IRA accounts. My question is if the pro rata applies to all IRA accounts across brokerage firms?
For example, my current IRA accounts are in Vanguard. If I were to open a traditional IRA account in say Fidelity and convert that to a ROTH, does the pro rata rule apply?
Thanks for any help you could offer.
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