u/Alternative_Map_6442

Backdoor Roth Error

I was moving too fast and moved $7500 into my Roth instead of to my traditional IRA to prepare for a backdoor Roth. It was a holiday so my husband canceled everything and pulled the money out of etrade (thinking now it can't be recharacterized). When I try to deposit money into the traditional roth now it already says I have contributed 7500 for the year and their retirement/tax team isn't sure what would happen if I tried to wire in money to try again or tried to open a new retirement account elsewhere to contribute for this year. What should I be prepared for tax wise? Is it better to not contribute this year? Thanks in advance!

reddit.com
u/Alternative_Map_6442 — 2 days ago