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Retirement tax questions
If you start your adventure with a non-zero traditional IRA.
it is not possible to do a tax-free Backdoor Roth contribution.
you are supposed to take the non-deductible election on the $6,500.
That gives you a basis of $6,500 on Form 8606.
You converted your entire IRA to Roth, Such an action cannot be reversed.
‎June 5, 2024
6:07 AM