Hi -
This seems like a very similar question for my situation... however, it's still a unclear to me. I'm hoping someone could elaborate.
I had completed a backdoor Roth-IRA transaction in early January 2022 for $6,000.00 ... later in May 2022, I rolled over an old 401-k with Schwab over to a Traditional-IRA at Fidelity for $100,000.00.
Using these numbers / this situation... can someone explain what the tax implications are for these two transactions? Is there anything wrong with this? In addition to this, I also have a retirement 401-k that I contribute to at work (with a different / new employer).
Thanks in advance.
