Dear Sirs,
I have an issue about IRA contribution. Your software said during the period 1/1/26 – 4/15/26, if I contributed 7000 for 2025 to a non-deductible IRA account and waited for 1 week then converted it to a Roth IRA.
According to my broker (Charles Schwab), it restricted the money for 1 week to allow me making converting. Your software said it is a recharacterization and suggested me move money back to a traditional IRA. Otherwise, it will cause 6% penalty every year.
And my search said once you convert a non-deductible traditional IRA to a Roth IRA, you cannot move it back to a traditional IRA. Please modify your 2026 software.
