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Get your taxes done using TurboTax
I'm in the same situation... My wife contributed $6000 to her Roth IRA in 2022 but we got married late last year and have decided to file jointly. However, our combined MAGI is too high
So - we re-characterized her 2022 $6000 Roth contribution (+$178 of earnings) into her Traditional IRA in March of 2023. We subsequently converted those $6000 contributions (+$278 of earnings - it grew a bit more) to her Roth IRA
(Note: the original Roth contribution was done in July 2022, but the re-characterization from Roth to Traditional and subsequent Traditional conversion to Roth were done in March 2023).
Can you provide guidance on how to fill in forms correctly for 2022?
‎April 2, 2023
8:17 AM