- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Thank you all for assisting!
All you mentioned from items 1-4 is correct. Now that I have requested recharacterization of my Roth contribution as a traditional IRA, can I convert this as a Roth contribution for 2021 using Backdoor Roth? I am assuming if I can, I incur no additional taxes. If I cannot, it is still nondeductible traditional IRA and will I incur additional taxes?
March 1, 2022
10:03 AM