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Backdoor IRA - Above IRA income limit
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Iām above IRS income limit to be able to contribute to Roth-IRA. So Iām planning to start going backdoor RothIRA route. Since the money i will be putting into traditional IRA now is after-tax money (and I cannot claim that in tax returns because of my high income), the conversion of this money into Roth IRA should be straightforward and no other tax implications effect me?
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- 7 months ago
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