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Why did AGI increase on my taxes due to a backdoor Roth IRA conversion? I thought contributions to Roth IRAs didn't raise my AGI.
I contributed to a Traditional IRA using my own, personal, after-tax dollars before doing the backdoor conversion to a Roth IRA. So I was already taxed on that money. So why is it raising my AGI to tax me a 2nd time?
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‎February 16, 2024
4:20 PM