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Get your taxes done using TurboTax
Thank you so much @DanaB27 for your instructions.
I'd like to suggest TurboTax rewrite the examples in the "IRA Recharacterization Examples" page (from the "On Demand Tax Guidance" popup window) because they actually give wrong instructions.
May I ask one follow-up question: In Step 10, you said on the screen "Choose Not to Deduct IRA Contributions", I should answer "Yes". However, the $6000 contribution to the Traditional IRA is deductible in my case, so I should answer "No", correct?
‎April 8, 2023
8:11 PM