The most recent content from our members.
Hi, I contributed to a traditional IRA after the submitting my tax return. Later this year (eg May) I plan to convert my Traditional IRA to a Roth IRA through a backdoor conversion. I went back to amend my tax return and I included my contributions to my Traditional IRA. I added them, and noticed that my refund now…
I did a backdoor Roth in 2023, but didn't make enough income to totally phase out of the deductible amounts. So when I put my Trad IRA contribution —> Roth IRA conversion information, FreeTaxUSA is "forcing" me to take the partial Trad IRA deduction, and wants to tax me on my Roth IRA conversion. I double checked that the…
Hi, Im in the middle of filling 2023 taxes and realized that I my MAGI will not qualify me for Roth IRA. I want to do Backdoor Roth IRA for 2023. Right now I do not have traditional IRA for 2023. Can I do Backdoor IRA for 2023 now? I could only find filing processes for same year contribution and conversions. What Is the…
It looks like you're new here. Sign in or register to get started.