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Excess backdoor roth contribution
I rolled over $20000 into a traditional IRA at the beginning of 2022. Out of this I converted $6000 into backdoor roth for 2021 before April. This was indicated in my 2021 taxes.
Given that I wanted to have 0 balance in my traditional IRA at the end of 2022, I converted the remaining $14000 for 2022. Definitely an excess here.
I’m trying complete my taxes on TT. What do I put in this box?
March 3, 2023
4:44 AM