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Get your taxes done using TurboTax
Can you check your statement how much was transferred into the traditional IRA from the Roth IRA when you recharacterized the $3,000? If you transferred more than $3,000 then you had a gain and if you transferred less than $3,000 then you had a loss.
Yes, after a few more screens you will get the penalty screen where you can enter the Roth IRA contribution amount that you withdrew before the due date.
I’m sorry for your loss.
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April 15, 2024
10:47 AM