First Starter Post _ Thanks for the invite Ryan!
My First post. Thank you for having me. I am in my CPA solopreneur journey and have been in it for 5 years. I don't have any rental properties right now. Maybe soon. Quick question for your guys? So I keep getting confused with the backdoor Roth conversion. I thought that the $70,000 limitation was on a defined contribution plan, and by defined contribution plan, I mean the 401(k). So then does that mean that you can only do a backdoor Roth conversion on a company-sponsored plan and not your individual retirement account?