Spousal IRA conribution
If a married taxpayer who participates in a Company qualified retirement plan and their combined AGI prohibits them from making a direct Roth contribution or a traditional deductible IRA contribution, is he able to contribute the maximum amount to his spouse’s non-deductible IRA account and then convert the balance to a ROTH IRA?
Permalink Submitted by Alan - IRA critic on Tue, 2019-10-22 20:37
Yes, a spousal ND contribution can be made, but the subsequent (back door Roth) conversion is only non taxable if the spouse has no pre tax amounts in any non Roth IRA.