Thank you. The 2023 contribution will be made in 2024 between 01/01-04/15/24, and the 2023 contribution will be $6500 ( I believe the limit is $6500 for 2023). The conversation will be made soon after the contribution.
Can you please explain "If you convert the 2023 contribution in 2024 at $6,030 and you have the basis of $6,070 from 2023 then you won't have any taxable income (assuming you don't have any pre-tax funds in your traditional/SEP/SIMPLE IRAs)."? wasn't the $6070 basis was for the 2020 contribution? also, the 2023 contribution will be $6,500.
Thank you very much.
