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Retirement tax questions
I suspect what you are doing is the so called "Backdoor Roth" that is only allowed because of a "quirk" in the tax laws. There are many pitfalls when not done properly. All I can say is when trying to take advantage of a "loophole" in the tax law, one should first research it, to fully understand the law, so as not to make a costly mistake.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
March 28, 2020
9:25 PM