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Excess Roth contribution
In Feb 2022 I erroneously contributed $7000 directly to a ROTH IRA (when I needed to do a back door conversion). Upon discovery of my error in Feb 2023, I did a return of excess contribution, removing the $ from the ROTH and then put the $7000 into a traditional IRA. I then did a back door conversion to put the $ back into my ROTH IRA. I did receive a form 5498 for 2022
How do I report this on my 2022 taxes in TurboTax?
How do I handle it for my 2023 taxes?
March 8, 2023
11:40 AM