DanaB27
Employee Tax Expert

Get your taxes done using TurboTax

Yes, you could make the nondeductible traditional IRA contribution for 2022 and then make the conversion in 2023. Just make sure that no pre-tax funds are left in the traditional IRA by doing the reverse rollover of the pre-tax funds to your 401k. When you convert the rest (your basis) in 2023 then the value should be $0 on December 31, 2023.

 

 

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