
Backdoor Roth Conversion Strategy
DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing
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The One Pitfall of Doing the Backdoor Roth IRA Method
The only potential downfall would be you took a deduction on the traditional contribution because your income was low enough for you to do that. So therefore the conversion amount is then taxable as ordinary income. That's the one sort of pitfall of doing the backdoor method. If you really want to get the entire full year now, when you got 80 some 1000 IRS agents that are now going to be looking at that.
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