Thank you. Also, what should I do regarding the $3465 that is sitting in my Traditional IRA that I want to transfer to Roth IRA via the back door route. How will this affect the $405 earnings which has to be taxed?
How will I report that on my 2021 and 2022 tax returns? I would like the transfer the entire amount so that I can have $0 in my traditional to make it clean for my near year's 2022 Back Door Contribution.
