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Retirement tax questions
Depends. If the Traditional IRA contribution was before-tax deductible then it would have reduced your MAGI, but if you recharacterize it then it becomes an after tax contribution that adds back to your MAGI. You cannot have it both ways.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 15, 2020
6:21 PM