- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The 14445.24 was a conversion from traditional to Roth
For the second 1099-R it was a recharacterization of Roth to traditional. Flow was the below
2023: Contributed $6500 into Roth
2024: Recharacterized the 2023 $6500 contribution (now $7445.24) to Traditional
2024: Contributed 2024 $7000 contribution to Traditional
2024: Converted the $14445.24 from traditional to Roth
No tax was paid in 2023 as it looked like a normal 6500 traditional contribution
‎February 16, 2025
8:15 AM