Reply To: 2021 IRA

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Alan S:

Thank you for the clarity!

I agree with you that waiting until 2022 to do a non deductible IRA is lost time for gains on the contribution.

Assuming that she does the non deductible IRA now and in the first quarter of 2022 (before she files her 2021 taxes) the determination is made that she is eligible for a Roth, how do you handle the non deductible IRA that was already done?