I have around 90k in my traditional IRA. I also end up adding at least one non deductible contribution to it back in 2021 or 2022. I have kept record of it using TurboTax. (form 8606)
I am thinking of reverse rollover of this IRA to my employer 401k. Questions I am seeking help with-
- is it good step to allow me do backdoor ROTH thru this IRA
- how do I handle non deductible contribution made to this account, and earning on this amount
I am thinking of reverse rollover of this IRA to my employer 401k. Questions I am seeking help with-
- is it good step to allow me do backdoor ROTH thru this IRA
- how do I handle non deductible contribution made to this account, and earning on this amount
Statistics: Posted by ALOKDIXI30 — Thu Aug 15, 2024 10:12 am — Replies 4 — Views 99