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Why am I being taxed on a backdoor roth done in early 2024 for the 2023 tax year?
In March 2024, I contributed $ to a traditional IRA fo the 2023 tax year and immediately rolled it over to a roth IRA. I have already paid taxes on this money. But now it appears I'm getting taxed for the traditional IRA distribution ($6500) on my 2024 taxes. I'm pretty sure that's not supposed to happen, but I'm at a loss for what to do! I'd be really grateful for any suggestions (speak to me like I suck at taxes, please).
March 7, 2025
1:08 PM