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Get your taxes done using TurboTax
The program does. In the program, go to deductions and credits, scroll down to Retirement.
- Traditional and Roth Contributions - start
- Select traditional IRA and ROTH IRA, continue
- Repayment- no
- How much contributed to traditional IRA $6000, continue
- How much transferred to Roth, entire amount
- Fill out the worksheet for recharacterized amount
- continue
- Retirement plan coverage, yes or no,
- Excess IRA prior, no
- Nondeductible yes or no, continue on through the program.
The yes or no questions above pop different scenarios. You will see the program says the amount recharacterized and is handling it all. Just carefully answer each question.
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‎February 2, 2021
2:04 PM