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Back Door Roth
Hello,
I contributed to my Traditional IRA for 2019 in February 2020, and a few days later had it recharacterized to my Roth IRA. My husband did the same thing. I am doing my taxes now, and Turbotax is giving me a message that our Modified AGI is above the current Roth limit and that our recharacterizations are excess contributions.
Information and knowedge is very much appreciated!
‎April 11, 2020
2:24 PM