- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
IRA basis and recharacterization
I have a question regarding gains and losses in IRA basis.
For 2023 taxes I realize my 8606 form is incorrect and needs to be amended once again.
I contributed $3,000 to my Roth IRA which had to be recharacterized to a traditional because I got married. My total recharacterized with earnings was $3480. There were no other contributions made to any other traditional IRA.
Should my basis on my 8606 form be $3,000 or $3,480?
‎February 26, 2025
10:24 PM