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2021 backdoor Roth IRA conversion for 2020 tax year
In Feb 2021, I did a non-deductible contribution from my checking account to a traditional IRA ($6k for 2020) and, on the same day, requested the broker to do a ROTH IRA backdoor conversion on that full amount ($6k).
My question is will this Roth IRA contribution considered for 2020 or 2021? if it's considered for 2021, does that mean I cannot do a backdoor Roth IRA coversion for 2021 any more?
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ā€ˇFebruary 27, 2021
11:11 AM