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Retirement tax questions
A) you must make the non-deductible election on an IRA contribution before the backdoor Roth conversion can work.
There is no income limit for a non-deductible contribution.
B) It is a conversion, not a recharacterization,
if you are responding with recharacterization, it will not work.
ā€ˇFebruary 5, 2021
9:25 PM