Hello all,
I would kindly like the advice.
as of now, 1/5/2021
I have traditional IRA amount of 60000 (pretax dollars), this amount was rolled over from previous 401K, this was rolled over in 2018, then there is no additional contribution since.
Now I have 401k active with current company.
I am planning to do backdoor roth conversion for year 2020
If I roll 60,000 to 401k now (1/5/2021), and then adding post tax dollar to nondeductable IRA then convert this amount of 6000 to roth. The deadline for IRA contribution is 4/2021 for year of 2020.
Will this 6000 be taxed by prorata rule when it is converted to ROTH from nondeductable IRA.
Welcome any advice, and thought, I really appreciate it.
Regards,
PD
