After the explanation statement step.
It asks: Did you open a roth ira before 2024?
Yes because my income allowed me to contribute directly
Let us track your Roth IRA basis? Yes/no?
Do you have any excess contributions? (No)
Tell us the value of XX's Roth IRA.
Why is it asking my roth ira value?
On one page it says, You currently have a penalty
6% penalty every year that the excess money remains in the IRA.
There is a box for contribution withdrawn before due date of your return.
What should I put here?
I originally put $4400 in roth,
had to recharacterize it. The value went down to 4128 when I took it out of roth ira to regular ira.
when I put transferred back to roth, it was 4257.
