VAer
Level 4

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@Critter-3 

 

I mean converting previously non deductible traditional IRA contribution.

 

2020: Make $100 traditional IRA for 2020 contribution, just tried to open an IRA account. But did not do backdoor roth then.

2022: I opened another traditional IRA and roth IRA with another broker, now I have made 1500 non dedutible traditional IRA contribution and $4500 roth contribution with this broker. And I converted $1500 into  roth.

 

Question: That $100 (actually $100.07, plus interest) has not been converted to Roth yet, and I decide to convert it this year, is it before?

 

So if  also converting those $100.07, then for year 2022:

Contribute $4500 to Roth

Contribute $1500 to Traditional IRA

$1600.07 backdoor Roth conversion ($1500 from one traditional IRA, and $100.07 from another traditional IRA)