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Backdoor Roth IRA misstep
For the year 2022 my 1099 form stated I contributed $5,000 out of $6000 to my traditional ira account.
For the year 2023, I contributed the $1000 on early January (hoping to count this for the year 2022 backdoor ira conversion BUT I didn't file this for tax purpose for the year 2022) and I continued to contribute $6500 for that year, so my 1099 form for the year 2033 shows $7500.
Now, when I file taxes on turbotax, it is stating that I over-contribute by $1000 for the year 2023. Is there a least painful way to handle this on the broker's end and on turbotax?
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‎February 13, 2024
8:55 AM