back door ROTH IRA question again!

opened a traditional IRA, transfer after- tax $7000 from bank account ;

converted to Roth IRA account after a week ( fidelity didn't allow me to convert until the money was settled)

Now tranditional IRA has $0.01 of earning.

I can imaging there will be more earnings down the road if I do it again the same way.

Question:

Does this earning of $0.01 (potentially more $0.01 every time) have any tax impact?

 

Called the fidelity customer service, no satisfactory answer.

所有跟帖： 

• 你乱来。你的理解全错! IRA里的钱拿出到ROTH时，TAX BASIS是和你所有其他IRS的一起算，所以你可欠IRS很多 -MissionBay- ♀ (971 bytes) () 05/14/2021 postreply 06:43:48

• 谢谢点解。我除了401k没有其它的traditional IRA -meimei2019- ♀ (0 bytes) () 05/14/2021 postreply 06:58:46

• why not to transfer to ROTH IRA directly? -有感而发- ♂ (0 bytes) () 05/14/2021 postreply 20:48:07

• Traditional IRA里的$0.01，现在没有tax impact, 直到有一天， -未知- ♂ (101 bytes) () 05/14/2021 postreply 23:00:22