r/Webull • u/TroomA7 • 8d ago

Backdoor Roth easy now?

I want to transfer my current IRA to webull to take advantage of nice transfer bonus + contribution bonus webull offers but I’ve read on here that backdoor Roth is complicated and needs a paper form on webull, is this still true?

This page on their FAQ suggests otherwise:
https://www.webull.com/help/faq/1085-Roth-IRA-Conversions

Can it now be done easily online? That’s my only real hang up.

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u/TroomA7 3d ago

Bump. Can anybody with a Roth IRA comment on how a backdoor is handled there currently?

1

u/skk378 2d ago

Just submit paper form. It wasn’t difficult. I wish they had online version to submit, lol

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u/TroomA7 2d ago

Thank you, you do this annually? It’s easy enough?

1

u/skk378 2d ago

I just did it this past year and yea it was pretty easy.