I converted a traditional IRA of about 10 K into my Roth. Can I still contribute to my Roth this year?
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Yes. Your conversion amount does not limit your Roth contribution.
I contributed to my Roth IRA and did a Conversion from a traditional IRA to my Roth Turbo tax said I'll owe a penalty for excess contributions. Is there a limit on how much money I can contribute via the "backdoor'? Or did I just fat finger something?
If you contributed to your Roth IRA and also made a non-deductible contribution to your Traditional IRA with the intention of converting that to a Roth IRA, then you may have exceeded your contribution limit. The limit is imposed on the combination of contributions to both types of IRAs within a given year.
So, the 'backdoor' contribution is essentially limited to your annual IRA contribution limit based on your age.
Take a look at the following TurboTax article for more details: Can I contribute to both a Traditional and a Roth IRA?
There is no limit imposed when just converting a Traditional IRA to a Roth IRA, as in the case for the original question shown above.
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