Hello,
I jumped on the backdoor Roth wagon a little too quickly and made a mistake. I didn't realize that my Rollover IRA would cause a tax issue. Is it possible to fix this?
I have a Rollover IRA with $113k
I opened a Traditional IRA with $5k and converted the funds to a Roth IRA a few days later.
I just did this a few days ago. If I rollover my Rollover IRA to my current TSP would this avoid any tax issues at the end of the year?
I jumped on the backdoor Roth wagon a little too quickly and made a mistake. I didn't realize that my Rollover IRA would cause a tax issue. Is it possible to fix this?
I have a Rollover IRA with $113k
I opened a Traditional IRA with $5k and converted the funds to a Roth IRA a few days later.
I just did this a few days ago. If I rollover my Rollover IRA to my current TSP would this avoid any tax issues at the end of the year?