DavidD 66:
Thank you for clarification on deadline question. Your help is much appreciated.
Now I have another question, related to prorate rule.
The 2 contributions to traditional IRA and then 2 conversions to Roth IRA were done during May and June for 2020/2021 tax years, with Fidelity accounts. the traditional IRA account was clear after the conversion, nothing left by Dec 31 2021.
However, in August 2021 I rolled over ~700k from employer 401k account to a newly opened IRA at Mass Mutual, for retirement financial plans. I totally overlooked the tax impact of this new IRA account, which made my total traditional IRA transactions (Fidelity and MML) at end of year mixed with nondeductible and 401k money. Will this trigger pro rata rule? if yes what is the impact, and do i have options to reduce the impact by stopping 2021 conversion via recharacterization?
Thanks for advice
