We all know the spiky fruit is delicious, but is there any truth to the claim that pineapple can help reduce inflammation? Aside from being a great source of Vitamin C, pineapples contain the enzyme bromelain, which is a natural anti-inflammatory agent that plays a role in the bodyâs healing process.
If this is the case, then you can convert your entire Non-deductible IRA to a Roth IRA, and you'll only have to pay tax on the earnings portion. For example, Susan Smith is in a 30% tax bracket this year and she only has one IRA worth $100,000.The IRA consists of $90,000 in non-deductible contributions and $10,000 in earnings.If she decides to convert the entire IRA to Roth, she would only have to pay tax on the earnings portion ($10,000). At a 30% tax rate, she would owe $3,000 in tax to convert the entire $100,000 to Roth.If Smith had no earnings in this IRA, the entire $100,000 (all non-deductible contributions) could be converted with no tax liability.t a 30% tax rate, she would owe $3,000 in tax to convert the entire $100,000 to Roth. If Smith had no earnings in this IRA, the entire $100,000 (all non-deductible contributions) could be converted with no tax liability.
Here's how it works: 1  Open a traditional IRA with your IRA custodian of choice. ( 2 It is usually easiest, but not necessary, to use the same custodian that holds your Roth conversion IRA â or where you plan to open your Roth.). 3  Make a fully nondeductible contribution to your traditional IRA.5,500 - $3,575 = $1,925 taxable conversion balance. If you have one or more IRAs that you funded with deductible contributions, even the back-door strategy cannot keep you from owing taxes on a Roth conversion. You can't open a second IRA and roll over only that second account and owe no taxes, as in Situation 1.