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Roth IRA Backdoor tax implication
Hi,
In Dec 2022 I opened Traditional IRA and contributed after-tax money $6000.
I also have my company sponsored 401K plan. I have rolled over my previous company 401k in to roll over account.
If I want to do backdoor ROTH conversion of Traditional IRA that is after-tax money. Will I be taxed on that amount?
Thanks and Regards
RG
‎December 23, 2022
5:23 PM