Submitted by awful-human-being t3_zzn87e in personalfinance
awful-human-being OP t1_j2cqbaj wrote
Reply to comment by BouncyEgg in Tax question: Backdoor from traditional IRA to existing Roth IRA by awful-human-being
Ah, I only have a pre-existing Roth IRA. I haven’t opened a traditional IRA yet. I’m glad this case doesn’t present issues. Thanks for the response.
BouncyEgg t1_j2cqf1q wrote
Perhaps you would benefit from some good reading material.
Read this for everything you need to know about Backdoor Roth and Form 8606:
Read this list of common screwups and solutions with respect to backdoor Roth. Beware of Screwup #5.
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