I recharacterized my entire Traditional IRA into my roth IRA last year. This year I received a 1099-R from my vanguard and I believe I need to fill out a form 8606. To my understanding, Turbo Tax home and business fills out this form for me, but I am stuck at a screen where I need to "explain my characterization."
- How do I explain my characterization? (As in what exact wording do I use? Is there an example of the exact wording?)
- Do I need to calculate anything on interest, gains, etc. or is that handled by Turbo Tax?
- Does Turbo tax have a call center in which we can call in and ask these questions?
Thank you
