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Reply to "Bill proposed to crack down on backdoor roth (and other loopholes) "
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[quote=Anonymous][quote=Anonymous]BTW, actual text of bill is available: https://waysandmeans.house.gov/sites/democrats.waysandmeans.house.gov/files/documents/NEAL_032_xml.pdf I didn't read it because it seems dense/boring, and doesn't really matter to me. I'll just wait to see what (if anything) actually passes. I did accelerate my backdoor roth plans for late 2021, with the assumption it may not be an option for 2022. If it doesn't pass, then I'll just be a little ahead for 2022 and slow down savings in the first part of the year.[/quote] How are taxes handled on the forced withdrawals from mega Roth IRAs? I couldn’t find that in the bill.[/quote]
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