Hi -
I would like to contribute to a Backdoor Roth IRA for Tax Year 2022 before April 18, 2023 deadline. I would like to contribute the max amount for Tax Year 2022 which is $6,000.
The reason I am choosing a Backdoor Roth IRA is because my Modified Adjusted Gross Income (MAGI) is between $129K-$144K.
1. Can I contribute the full $6,000 to the Backdoor Roth IRA for Tax Year 2022 before April 18, 2023 deadline if my MAGI is between $129K-$144K and not over $144K?
2. If I contribute the full $6,000 to the Backdoor Roth IRA for Tax Year 2022 before April 18, 2023 deadline do I need to file Tax Form 8606 for Tax Year 2022 or Tax Year 2023?
3. If I contribute the full $6,000 to the Backdoor Roth IRA for Tax Year 2022 and the full $6,500 to the Backdoor Roth IRA for Tax Year 2023 before April 18, 2023 deadline can I file Tax Form 8606 for tax year 2022 for both contributions of $6,000 (2022) and $6,500 (2023)?
Look forward to hearing from you.
Thank you!
