Contributed $7,500 (excess $1,000 contribution) to non deductible IRA in 2023, then converted through back door Roth in 2023. Need to remove excess and earnings before filing taxes. Is it proper to remove from Roth back to Trad IRA, then remove from Trad IRA, which replicates contribution steps?
If so, is it right to then report the correct $6,500 nondeductible contribution in 2023, and deal with any 2024 correction tax forms next year? Thanks.
