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Level 1
posted Apr 2, 2025 4:55:32 PM

Conversion to Roth ira

I contributed to my traditional non deductible Ira for 2014 in January 2025. Can I convert this to my 2024 Roth IRA?

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1 Replies
Expert Alumni
Apr 2, 2025 5:07:22 PM

If you are eligible to contribute to a Roth IRA for 2024 and you haven't filed your tax return yet, you can re-charachterize your Traditional IRA contribution to a Roth IRA contribution by contacting your broker.  You can always to a Roth Conversion, also known as a backdoor Roth.  For more information see:  How do I enter a backdoor Roth IRA conversion?