@DanaB27@MinhT1
Thank you both for your help. Using the $1237 example for roth recharacterization as an example:
When I click "LEARN MORE" it says:
An annual contribution to a Roth IRA can be recharacterized as a traditional IRA contribution. The recharacterization must be for the same year the contribution was made. Also included in the transaction is any earnings attributable to the contribution while it was in the Roth IRA. The total of your contribution and the earnings attributable to your contribution is referred to as the amount "transferred."
At the part "Tell Us How Much of the Roth Contribution you transferred"
@MinhT1says that it should be $1237
@DanaB27says that it should be $1000
Sorry I was hoping to receive some more clarification on this part since I am receiving 2 different answers. Which one should I use? Thank you all
