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Get your taxes done using TurboTax
Hi, @DanaB27, @AmyC @MinhT1 : here's an update.
As I was working with Fidelity to transfer funds from Traditional IRA to Roth IRA (backdoor Roth), they warned me that it would be a high tax transaction because of funds in my Rollover IRA account, which usually has pre-tax funds and prorata rule applies across all pre-tax accounts. So, I have decided not to perform back door Roth and now am working with Fidelity to move $6K 2022 contribution from my Traditional IRA account back to my personal non-retirement account. It will take 3 more business days.
Good that I had not submitted my 2022 taxes. I will now remove $6K 2022 Traditional IRA contribution from my 2022 fax filing. Please let me know if anything else needs to be done as well.
Thanks!
Gulsheen