ThomasM125
Expert Alumni

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.

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