Run Roth Conversion Scenarios on More Than One Account
I have two traditional IRAs that I might want to convert to Roth IRAs. How do I handle this in the Roth Conversion Scenarios section, which only allows me to choose one account to convert to?
There is a workaround for this. Set one of the traditional IRA's balances to $0, and add the amount you took out to the other IRA's balance. In this example, each IRA originally had a balance of $100,000. After making the change, the second IRA's balance is $0, and the first IRA's balance is $200,000.
Now you can use the Roth Conversion Scenarios section and run the scenario on the traditional IRA with the combined balance. Note that for linked accounts, the balances will reset back to their correct balances the next time you log in.