Just make up an example.
I always do backdoor Roth conversion immediately after traditional IRA contribution, so there is no gain from traditional IRA. Let us say, I don't have enough money to make $7000 IRA contribution limit in 2024 for year 2024, let us assume I made $4000 to traditional IRA in 2024 for year 2024, and I converted the $4000 from traditional IRA to Roth IRA.
Then I made another $3000 in March 2025 for year 2024, then converted $3000 to Roth IRA again. And I also make $7000 contribution to traditional IRA in 2025 for year 2025, and convert $7000 from traditional IRA to Roth IRA.
So I make $10k roth conversion in 2025, and $3k is for year 2024 contribution and $7000 is for year 2025 contribution.
How will tax filing work in such case (just making an example)?
Thanks.
