pre-existing IRA to Roth IRA conversion + additional backdoor Roth in the same year

PerplexedParrot · April 1

I had a pre-existing IRA w/ 16k in it that I converted entirely to a Roth IRA in 2024. Then I did my usual backdoor Roth IRA in 2024 of 7k. So I need to pay taxes on the 16k. How do I reflect this situation inside FreeTaxUSA when I'm doing my taxes this year. Please help! Thanks

knittingfun · April 1

There's an article on backdoor roth that might be helpful! here:https://community.freetaxusa.com/kb/articles/172-reporting-a-backdoor-roth-conversion-after-december-31st-2024-and-later

pre-existing IRA to Roth IRA conversion + additional backdoor Roth in the same year

Answers

Categories