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Get your taxes done using TurboTax
I just noticed the box "N" for my 1099-R for Roth. I must report this correct and turbotax will know it was a recharacterization. So does this recount as a contribution to my Traditional? For example,
If i contributed $1000 directly to traditional in 2020, and then:
Recharacterized $1000 also in 2020,
My total contribution for traditional would be $2000, and my contribution to roth would be $0 since I recharacterized this amount correct? Thank you!
‎February 28, 2023
9:06 AM