I contributed $6996 (I am over age 50) to a ROTH IRA in 2019. When completing my taxes in March, I discovered my income was too high to qualify for a ROTH contribution. Per TurboTax, I have three options. I consulted with my financial advisor. He recommended recharacterizing to a TRADITIONAL IRA. I changed my entry on TurboTax to reflect a contribution to TRADITIONAL IRA only (the only way to avoid the penalty). Months later, I received a Form 5498 which states my contribution as a ROTH. Should I file an amended return?
