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Backdoor Roth IRA - need help. On May 1st, I made two $6k transactions to new traditional IRA accounts intent is 6k each for 2019 and 2020. I then recharacterized 12k.
Not sure how to enter this. Getting message income is too high ($252k magi), but that was the whole idea of the backdoor. Non-deductible IRA contributions then get recharacterized/converted to Roth IRA. How do I enter this into Turbotax? Tried many times
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‎February 7, 2021
1:47 PM