Roth IRA back door contribution while having more than one traditional IRA account

Forum|Forum|10 months ago
May 22, 2025
1 reply
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Looking for guidance on a back door roth contribution from one traditional IRA account while holding another/second traditional IRA account with a balance.

If you have a second traditional IRA acount with a balance and do a back door roth contribution conversion from another traditional IRA account which ends up at $0 after the back door roth conversion, and later in the same tax year fully convert that second traditional IRA that had a balance to the roth IRA, will you still end up paying double tax on the attempted back door roth contribution conversion?

fanfare

Employee

Regardless of the number of Traditional accounts, IRS says you have one Traditional IRA with one "prior years basis" and you must report it that way.

@rk38

rk38Author

So since it is considered 1 traditional IRA, will the back door roth contribuition be taxed twice then, even though all traditional IRAs were fully converted to a $0 balance in the same tax year?