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Retirement tax questions
I think you've got it now.
if your AGI is over TaxCode-specified limits (total phaseout), you cannot contribute to a Roth, period.
The backdoor Roth uses a conversion to get the money into the Roth.
The Backdoor Roth Conversion is not mentioned in the IRS publications. Congress has been tempted to make it illegal.
March 24, 2024
11:22 AM