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I did backdoor Roth IRA in 2024 for 7000 from Trad IRA. Why is the 1040 showing 500 as taxable ? Is it because 2023 8606 is 6500?
hirenkava
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I did backdoor Roth IRA in 2024 for 7000 from Trad IRA. Why is the 1040 showing 500 as taxable ? Is it because 2023 8606 is 6500?
February 12, 2025
5:25 PM
