Back door Roth on fidelity help

Okta
qtqN46

Go to company page Okta

qtqN46
Jan 16, 2021 4 Comments

Can someone tell me how to turn my after tax non deductible IRA contribution to my Roth? Want to make sure I don’t owe any taxes or suffer early withdrawal penalty. This is converting the contribution already in my IRA and transferring it to Roth

There are 2 options that say
1) I want to pay taxes now (unable to select since it says fidelity doesn’t support tax withholding)
2) I don’t want to pay taxes now

Is 2 the right option?

Fidelity reps were not helpful

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