- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
First of all, I have been assuming you entered a non-deductible contribution to your traditional IRA as that is necessary for a backdoor IRA conversion, and you mentioned in your original post that you were doing a backdoor IRA conversion. If you had made a normal/deductible contribution to your traditional IRA to begin with, the the conversion to the ROTH IRA would be taxable.
I am using the term rollover and conversion interchangeably to refer to a transfer of funds from one IRA to another.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 26, 2025
9:13 AM