Hello, I'd like to do Traditional IRA contributions for tax year 2023 and 2024 and then do a Backdoor Roth IRA conversion. I have a question for the following scenario :
I plan to make the following two contributions to my Traditional IRA :
1. $6500 contribution before April 15th 2024 (for 2023 contribution)
2. $7000 contribution after April 15th 2024 (for 2024 contribution)
Can I convert the whole amount of $13500 that I have contributed to my Traditional IRA to a Roth IRA after April 15th 2024 in one single conversion? Will this lead to any complicated tax situation?
