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Retirement tax questions
Did you have any other IRA balances at any time in 2021? Either in the same account or other accounts? A backdoor IRA does not work if you have any deductible balance in any IRA (all your IRA balances are aggregated for this purpose). If you had any deductible IRA balance, then the Roth conversion will be partly taxable.
March 23, 2022
12:25 PM