Mostly because I am really stubborn I believe I have some cleanup this year.
- Tax time 2022 I found out my wife and I were over MAGI limit to contribute to Roth for 2021.
- Being stupid and not knowing better at the time, in April 2022 I withdrew the $7000 I had put in my Roth and put that amount in a new Traditional IRA thinking I had fixed the problem.
- Learning something in the meantime, a few days later I used the recharacterization function Fidelity offers to recharacterize the $7000 we invested in my wife's Roth IRA throughout 2021.
- In the meantime, we were investing monthly to our Roth IRAs for 2022 to ultimately max them out at $7000 each for the year.
- I received a 1099-R with P and J codes.
- My wife received a 1099-R with R code.
- What precisely are my current problems and how do I fix them?
