Contribute to a nondeductible traditional IRA, then convert to Roth — no income cap.
Roth IRA direct contributions phase out at $161K single / $240K MFJ (2024). Workaround blessed by Congress (TCJA conference report): contribute $7,000 ($8,000 age 50+) to a NONDEDUCTIBLE traditional IRA, then immediately convert to Roth. Conversion is tax-free if you have no other pre-tax IRA balances (else pro-rata rule applies — solve by rolling pre-tax IRAs into 401(k) first). File Form 8606. Spouse can do the same = $14K/yr. Over 30 years at 8%, compounds to $1.7M tax-free per spouse.
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Multiply the $10M §1202 exclusion across multiple trusts.
4% corporate tax + 0% capital gains for bona fide residents.
Stack the $500K primary-home exclusion on top of a 1031 deferral.
Convert Traditional to Roth during sabbaticals or business-loss years.
Capitalize property taxes and interest on undeveloped land.
Deduct now, control forever, employ heirs.
Ordinary loss (not capital loss) on failed small biz — up to $100K.
Buy leveraged real estate inside your IRA — tax-deferred or tax-free.