Do I include a spouse's Traditional IRA when converting my non-deductible Traditional IRA into a Roth IRA?
I have a Traditional IRA funded with non-deductible funds (in addition to a Roth IRA) and my spouse has a Traditional IRA funded 100% with deductible funds. I'm interested in converting 100% of my TIRA into my Roth IRA (a.k.a. backdoor Roth IRA) and wondering:
Do I need to include my spouse's TIRA in any pro-rata tax computation on the rollover or are my IRA actions unaffected by my spouse's IRA accounts?
We file jointly and my spouse is not covered by any workplace 401(k) or such.
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The I in IRA stands for Individual. You can do a backdoor conversion
of all or part of your Traditional IRA to a Roth IRA all by yourself
regardless of whether your spouse converts her IRA or not, and the
taxable part of the rollover is determined by what your Form 8606
says, not what is on her Form 8606.
But since you file a joint return with your
spouse, she will have the ineffable joy of being as liable as you for the income tax that is due on the conversion: on a joint tax return, both spouses
are jointly and severally liable for the tax due (no halfsies). If
one person does not pay, the other is liable for the entire amount.
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