In this video I’m talking about how small business owners can avoid the pro rata rule taxes on the Backdoor Roth Conversion. If you earn too much to contribute directly to the Roth IRA and have existing IRA accounts then this strategy may work for you.
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Yo Travis, does your solution in this video apply to 2021 contributions or are you giving heads up for next year/2022 (simplifying the q from below)?
Great video Travis! Would this also work (before filing taxes) for a 2021 B-D-Roth contribution (trfr IRAs to solo-K, then do B-D-Roth Contribributions? Or only for 2022 contributions, due to pro rata valuation date of 12/31/2021 for the SEP/IRA pretax account(s) not yet rolled over?