Single, salary income: 125k; I am actually qualified to make full $6000 Roth contribution for 2022.
129k is upper limit to make full 6000 contribution. I only make 125k from salary, which is below 129k limit.
This is my first time doing backdoor Roth conversion. Traditional IRA contribution is non deductible, since I have employer sponsored pension plan (government employee).
I have made total $1500 ($500 for one time, $1000 for second time) backdoor roth conversion for 2022, because I was worried if I had good return on stock market, I might not be qualified for Roth contribution directly, so I chose Roth Backdoor conversion earlier.
Now it is approaching to the end of year, I am sure I can make $6000 Roth contribution. Can I just go ahead and make $4500 roth contribution directly? It is not backdoor roth conversion this time. And $4500 is contributed to a different brokerage Roth account. I have two Roth accounts and two traditional IRAs.
To sum up: I will have $1500 Roth backdoor conversion for one Roth account, and have another $4500 direct contribution to second Roth account. Is it okay? How to deal with tax return next tax season? My traditional IRA contribution (before Roth conversion) is not deductible, since I have employer sponsored pension plan.
Thanks.
