Does anyone know of a way to do do a back door Roth in my situation. what options do I have?
I currently have a tIRA with 59k in it. I stupidly put a $1000 of after tax contributions in it year ago. I now have the option to roll that into my employer 401k plan, but I am told by Fidelity there is no way to undo the co-mingled tIRA. What would happen if I did it anyway? (I never filed anything when I did this, didn't know I was supposed to).
I'm guessing I could convert it to Roth and pay taxes, but that could get costly, I'd have to see if the math works. any other thoughts?
appreciate it. can't believe that $1000 could end up costing me quite a bit of headaches. :)