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Get your taxes done using TurboTax
I did transfer my 401K to a new rollover ira in 2021. The size of the rollover made almost all of my non-deductible $7K back door roth conversion taxable per the pro-rata rules (wish I knew this before). Sure feels like double taxation on that 7K contribution. I don't intend to convert the rollover ira to a roth, so I suppose my days of back door conversions are over. Thanks for everyone's help.
‎April 8, 2022
10:51 AM