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January 29, 2025
Question

2024 backdoor Roth is showing as taxable on the preview 1040. Followed all online instructions. Any ideas?

  • January 29, 2025
  • 1 reply
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    1 reply

    fanfare
    Employee
    January 29, 2025

    A totally tax-free backdoor Roth contribution is not always possible, depending on your prior basis in IRAs.

     

    @cohenski