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Get your taxes done using TurboTax
No, you do not need to withdraw the $4. The Roth conversion is not a contribution to the Roth IRA. Backdoor Roth is completed in two steps, the nondeductible contribution to the traditional IRA and the Roth conversion. The $4 will be taxable income in the Roth conversion.
Please see How do I enter a backdoor Roth IRA conversion? for instructions.
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March 1, 2025
4:04 AM