How do I go about back door Roth IRA on fidelity? I have always done the regular Roth IRA but now above income limit. Is there any specific steps required?

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Posting as :
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Step 1: google backdoor Roth.
Step 2: follow the lengthy instructions numerous other people have already documented in great detail.
Step 3: profit

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Put it into traditional IRA. Then convert to roth. You’ll pay taxes on it for the conversion.

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D1 is correct. Sometimes if you let the money stay in the account for a day or 2 after it settles it could gain a few cents and you pay the tax on that. Otherwise you’re good

Did you already contribute to Roth IRA for this year or is this all new money?

All new money for 2021

Don’t have any prior traditional IRA balance before you do this

Google is your friend people

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