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Reporting recharacterization in taxes
Hello,
So I added 1500 to my Roth IRA in 2023, and later realized I may have been above the income limit for 2022. I recharacterized 5,701.63 to my Traditional IRA and have added no further funding for 2023 in either IRA.
I've already included my 1099-R form for 2023, and in the taxes I'm reporting that I added 1500 to my Roth that was later recharacterized to Traditional IRA. Is there anywhere else I need to report in my taxes about this?
Topics:
March 19, 2024
6:28 PM