I will open an IRA Roth CD with $500 minimum deposit with a 1-time additional deposit in first 60 days prior to the next Fed Meeting on 12-17-24.
My IRA Traditional CD matures on Dec 28, 2024 with a 10-day renewal grace period. On Jan 3, 2025 I will convert the IRA Traditional CD to the IRA Roth CD.
I would include the $500 on my 2024 tax return. Can I choose which year to claim the Jan 3, 2025 conversion? I would like to delay reporting the conversion until my 2025 tax filing.
