Level 3


His financial planner set this up as a backdoor Roth in 2018 apparently.  I did not do his taxes in 2018.  It was set up as a traditional IRA and converted to a Roth.  The traditional IRA distribution was taxed in 2018 and then converted to the Roth.  I am not a fan.

Can you point me to the reg about the penalty?  Thanks!

0 Cheers