Does the pro rata apply to a Back Door Roth Conversion, where the contribution is made to a Traditional IRA and immediately transferred to a Roth IRA? That doesn't seem right. The money is going into the Traditional has already been taxed, it shouldn't be taxed again going to the Roth. Again, maybe I am misunderstanding, but I thought the Back Door Roth Conversion was a tax neutral event. I appreciate your patience.
