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Retirement tax questions
you can't recharacterize the Roth to Traditional because you already used up your contribution limit with the original contribution.
A Back door Roth contribution using conversion is the same as a direct Roth Contribution but only works with certain initial conditions.
If your IRA had any funds already before you started your adventure, you just cannot do a backdoor Roth contribution that is tax-free.
March 2, 2023
10:00 PM