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Retirement tax questions
Sorry, I think there is still some confusion, or I am confused.
"To avoid taxes and confusion I spoke with fidelity agent again and I opened another traditional IRA which has zero balance so I ask them to previously converted 6500 in April 11th 2024(contribution made in traditional ira in April 2023) contribution to back in newly opened traditional IRA"
Are you saying that you converted $6500 from a traditional IRA to a Roth IRA, then you converted it back to a traditional IRA (this is called a recharacterization)?
‎April 14, 2024
8:45 AM