Question
Do Roth income limits apply doing a backdoor conversion from a traditional IRA?
Client did a $6,500 in 2023 and $7,000 in 2024 traditional IRA contribution (8606 was done in 2023 and 2024). Did the conversion of $13,535 ($35 in interest) in 2024. He is single and income is $207k. Program is not allowing the backdoor Roth conversion. I read different answers on if income limits apply to this. Please advise.
