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Meant to do a backdoor ROTH conversion
In April of 2024 I meant to do a $2000 backdoor ROTH conversion, but I mistakenly put it directly into a ROTH. I just realized what I did, so I called Vanguard and they recharacterized the $2000 contribution plus $300 in earnings to my Traditional IRA which had a 0.00 balance at the start of the year. That would be fine except I now have $300 pretax money in my traditional IRA and I'm not eligible to contribute pretax money. What can I do.
Thanks
Tom
Topics:
‎October 23, 2024
5:06 PM