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Retirement tax questions
So if am understanding this correctly, the non-deductible contribution I made to an IRA in February 2022 for tax year 2021 will show up on my 2021 tax return. I immediately converted it to a Roth IRA in February 2022. Even though the non-deductible IRA contribution will show up on my 2021 tax return, the conversion will appear on my 2022 tax return. Is that correct?
March 19, 2022
1:27 PM