Thank you DanaB27,
Unfortunately I had to rollover from my 401K this year to a Trad IRA because I left my job. If I had known this would be the issue, I would not have contributed to the Trad IRA to attempt a backdoor conversion this year. So rolling back into a 401K is not possible now. I will need to read up more on the pro-rata rules as I am not familiar with it. Is there anything I can do for this tax year or am I forced to pay the taxes for now and keep track of it until I can get distributions from my Trad in the future when I am retirement age? Also, does this mean I will always have complications doing backdoor conversions going forward as my Trad IRA will no longer be empty?
Thank you.
