purpleblue08
Returning Member

Get your taxes done using TurboTax

Thank you @DanaB27. I have some more questions. Sorry this is new to me just want to make sure I do this correctly. 

 

After I filled in the explanation statement, it brought me to the next screen that says "did you open a ROTH IRA before 2020"?; I should answer that question as "yes" correct? 

 

Can I select "no" to tracking the cost basis? 

 

Also since I did a recharacterization of a ROTH to traditional IRA, how should I answer the question "do you have any excess ROTH contributions"? Should that be a "no"?

 

Thank you for your help!