jeffmcpa2010
Level 11
02-03-2022
09:01 AM
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You might be able to covert it to a Roth Contribution - check into information about a "back door roth".
Lot's of high earners do them on purpose. Make a non-deductable traditional IRA and right away convert to a roth.
I think it is still ok for 2021 but it is on "Brandon's" hit list in some of the 2022 tax bills under consideration.