Savings Bonds and R...
 
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Savings Bonds and Roth Back Door conversions

 

NC Cpl
(@nc-cpl)
Eminent Member Customer
Joined: 4 months ago
Posts: 37
Topic starter  

Wanting to confirm how to incorporate these amounts in the Financial Assets page. Assuming that Savings Bonds would be tax-deferred (there are Series I). Back-door roth conversions seems a bit trickier. The money stays in my 401k, but is classified as Roth since it's converted same day as contribution goes in. So that portion of the 401k isn't tax-deferred anymore. Maybe subtract the converted amount from the remaining 401k balance and add it to my regular roth amount?


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Stuart Matthews
(@smatthews51)
Member Admin
Joined: 1 year ago
Posts: 248
 

It seems like the best way to do this would be to specify this as a contribution to your Roth account on one of the Employment Income streams, and to exclude it from your 401k contribution. There's no way for PRC to keep track of this money inside the tax-deferred account.


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NC Cpl
(@nc-cpl)
Eminent Member Customer
Joined: 4 months ago
Posts: 37
Topic starter  

Would adding it to my existing other Roth IRA balance be the same?


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NC Cpl
(@nc-cpl)
Eminent Member Customer
Joined: 4 months ago
Posts: 37
Topic starter  

And Savings Bonds as tax-deferred? I know they are but they also don't track ROR-wise with my current tax-deferred accounts.


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