-I make over the limit to contribute to a Roth.
-I have no IRA balance on Jan 1, 2014.
-On January 15th, I contribute $1,000 after tax to my IRA and then convert $1,000 from IRA to Roth.
-On February15th, I convert an old 401K ($1,000) to my IRA which is all pre-tax.

Because my conversion to Roth happened before I converted my 401K, will the Roth conversion be tax free?

#1;A Roth IRA accepts only after-tax contributions and does not tax any of the withdrawals you make during your retirement. There are strict contribution rules for Roth IRA, however. Yu need to make sure you don't violate these, because the IRS charges a penalty for excess contributions; if you contribute more than the maximum contribution, you will be subject to a 6 percent excise tax. This tax is a penalty on the amount of excess contribution you made to your account. For example, if you contribute $5.5k in any given year under the age of 50, then you will be assessed a 6 percent penalty on the $500 excess, amounting to a $30 penalty.you need to remove the excess contribution from your Roth IRA prior to the end of the tax year. You will avoid being penalized on the excess contribution. If you do not remove the excess contribution in time, you will be assessed the penalty, but you can remove it afterward at any time.



#2; Roth IRA contributions come from after-tax dollars;regardless of your conversion to roth from 401k, as you contributed after tax dollar of $1k to your roth from ira, you are not allowed to deduct contributions; unlike the traditional IRA, SIMPLE IRA or SEP-IRA, Roth IRA contributions come from after-tax dollars