Will I face a financial penalty no matter what? Can I convert the money to a traditional IRA, then back to a Roth (back door)?
What are my options if I made this same mistake in the prior tax year as well (for my 2020 contribution)?
Will I face a financial penalty no matter what? Can I convert the money to a traditional IRA, then back to a Roth (back door)?
What are my options if I made this same mistake in the prior tax year as well (for my 2020 contribution)?
https://www.whitecoatinvestor.com/fix-backdoor-roth-ira-screw-ups/
Number one and number five
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