Hi All,
I expect to make about $200,000 in 2025. I want to do my backdoor roth contribution now to get some money into the market during this dip.
My question is, let’s say I do the backdoor roth contribution, but then something happens where I only end up making $100,000 in 2025. Will there be any extra steps or things to note when I file my taxes? Or would I report the backdoor roth contribution like usual, it’ll just be like I did it for no reason since I wasn’t over the income limit, but nothing extra I need to do?
Thanks!