topic Re: How can I mitigate the State taxes due because of a back door Roth conversion? in Retirement tax questions

How can I mitigate the State taxes due because of a back door Roth conversion?

gr8salazam1 — Tue, 24 Feb 2026 05:07:05 GMT

How to reduce State taxes from a back door Roth conversion?

Re: How can I mitigate the State taxes due because of a back door Roth conversion?

MaryK4 — Fri, 14 Apr 2023 02:42:00 GMT

Can you clarify which state?

Re: How can I mitigate the State taxes due because of a back door Roth conversion?

gr8salazam1 — Fri, 14 Apr 2023 10:24:40 GMT

My backdoor Roth was created while living in Virginia on 6/22/22. What about a re-characterization back to my self-directed IRA? I’ve lost a lot of money on the equity a quired within the Roth.

Thanks for your help.

Re: How can I mitigate the State taxes due because of a back door Roth conversion?

gr8salazam1 — Fri, 14 Apr 2023 10:38:52 GMT

Hope this reply reaches you. My backdoor Roth was created in Va on 6/22/2022. Just recently I contributed 7k to that same Roth.

Re: How can I mitigate the State taxes due because of a back door Roth conversion?

fanfare — Fri, 14 Apr 2023 11:46:38 GMT

a back door roth, if done correctly is tax free.

If you are paying tax, it's not a back door Roth contribution. or you entered it wrong.

@gr8salazam1

Re: How can I mitigate the State taxes due because of a back door Roth conversion?

gr8salazam1 — Fri, 14 Apr 2023 21:53:23 GMT

This was not a contribution, it was a conversion using qualified money. An ITA to Roth IRA conversion. I don’t know how you get around paying the taxes due. I am trying to re-characterize the money back to my IRA if at all possible, given the changes in the law concerning reversal of the conversion. Isn’t there a window of opportunity during which I can do this reversal?

Re: How can I mitigate the State taxes due because of a back door Roth conversion?

gr8salazam1 — Fri, 14 Apr 2023 21:58:20 GMT

IRA, not ITA