I rolled over a 401k to a traditional IRA becasue I am no longer employed. Then I made 2 non-deductible contributions to another IRA to convert to my Roth IRA. After rolling over the $13k I realized that I contributed too much. The questions are as follows:
1. Does the Rollover 401K to IRA count towards my max contributions to an IRA when calculating the non-deductible contributions? (Two different IRAs)
2. If the Rollover counts toward max IRA contribution, what is that max amount?
3. Do I need to remove the excess non-deductible IRA contribution or can I convert to a 2025 contribution even though I no longer work?
4. Do I need to do anything specific in Turbo tax when entering the non-deductible IRA contribution removal of the excess?
If there is anything else I need to understand before entering this section, please let me know. Thank you!
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