Macuser_22:
thank you for detailed answer.
now I understand the 14k (7k for 2020, 7k for 2021)backdoor roth IRA conversions are taxable due to large traditional IRA balance end 2021.
to reduce the "double" tax of these nondeductible IRA funds can I undo the roth conversion by recharacterization? Probably there is no way to correct 2020 conversion, but by undoing 2021 conversion at least I can reduce some loss...
please advise correct procedures to do so in Turbo Tax Deluxe, thanks
