I've been contributing to a Roth IRA for the past few years, and I usually put in money between Jan-Apr after the tax year I'm contributing for (ex: put in $5500 in Feb 2016 for tax year 2015). I'm over the income limit for my Roth now so I'm planning on doing a backdoor conversion. If I open a traditional IRA now, put in $5500, wait a few days and then transfer it to my Roth, can that still count for tax year 2016? Or does putting the money into a traditional IRA somehow negate that?
Thanks!
Submitted January 24, 2017 at 10:58PM by Summergirl1987 http://ift.tt/2kqqHjU
