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How to file a recharacterization to backdoor RothIRA ?
Hi!
In 2024, I was looking to do a backdoor Roth in Vanguard but I made a huge mistake - I accidentally opened a RothIRA and contributed $7000 to it (my income is over the limit), when I meant to open a traditional IRA to then backdoor into a Roth.
I believe I ended up recharacterizing the RothIRA to a traditional IRA. Then I made a new empty RothIRA and I completed the backdoor.
Unfortunately, this makes my tax filing for 2024 a bit messier. My question is - how would I go about filing my taxes with this recharacterization on Turbotax? A million thank yous for your help!!!
Topics:
‎April 5, 2025
8:54 PM