Thank you for your help in advance.
Got a client who has an IRA (not being contributed) funded with a rollover money.
He's also planning to open a non-deductible IRA and recharacterize to Roth going forward.
If he converts his existing IRA to a Roth this year, can he also do the backdoor roth for this year?
OR can "Roth Recharacterization" be done only once/year?
Roth Conversion & Backdoor Roth in the same year