humblea
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Roth IRA recharacterization and backdoor conversion
humblea replied to humblea's topic in IRAs and Roth IRAs
I don't have other traditional IRA(s). -
It looks like I'm going to have to re-characterize all of my 2020 maximum Roth IRA contributions to Traditional IRA due to exceeding income limits. As soon as I do that, is it possible for me to take advantage of the Traditional IRA to Roth IRA backdoor conversion for 2020, for the maximum amount?