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Retirement tax questions
Your $300 moved with the recharacterization is not a contribution, it is now in your IRA.
you can make your $2,000 contribution non-deductible.
If you want to convert your contribution to a Roth, convert "entire amount" on your request to the custodian.
You will pay income tax on the $300.
It is not a problem.
‎October 23, 2024
7:33 PM