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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!
March 16, 2021
6:25 PM