Hi
I contributed to a Roth IRA in excess for 2022: Instead of contributing to the "traditional" IRA and using a "conversion to Roth", I made the mistake of contributing directly to the Roth IRA. I filed the return in April but now would like to amend return.
I think I need to remove the excess thru https://investor.vanguard.com/investor-resources-education/iras/excess-contribution. Is that correct? (Or can I do a recharacterization to traditional IRA and convert it to Roth IRA now for 2022, if that's possible?)
After the excess removal (or recharacterization), what steps shall I follow?
1. Will Vanguard provide me with a document about the excess removal? If so, what's the document called? How long does it take for this removal typically to "take effect"?
2. After the removal, I think I need to file an amended tax return. How do I do that thru Turbotax?
3. How do I tell Turbo tax about the "excess removal"? If there are capital gains, how do I tell Turbotax about it? Will I need to upload a document from step 1? Or do this manually?
