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Retirement tax questions
Thank you for OP's question and Dana's answer! I have exactly the same issue.
I have followed Dana's answer to recharacterize the Roth IRA contribution for 2020 to Traditional IRA. And I have followed the answer to enter info in the turbotax.
However, I have a follow up question: Can I do a backdoor Roth IRA immediately? If so, how to do it and how should I enter info in the turbotax? I saw other answers with how to file tax with backdoor Roth, but things got complicated with initial Roth Overage and recharacterization.
Thanks!!!
ā€ˇFebruary 25, 2021
10:22 PM