Please be aware, that backdoor Roth isn’t just one transaction but actually are two different transactions:
- The nondeductible traditional IRA contribution and
- The conversion of the traditional IRA to Roth IRA
Therefore, the IRA deduction limits still apply but they aren't bad since you anyways want to make the contribution nondeductible. These limits don't limit your contribution, they only limit how much you can deduct. But in your case, it doesn't matter since you want it nondeductible anyways because you want to convert it to a Roth IRA. Therefore, you do not need to worry when you get that message in TurboTax that your income is too high to deduct the contribution.
@omkarprabhu
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