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Get your taxes done using TurboTax
Hey, just curious why you mention should be at least $7000, and do you mean by clean IRA? So looking at my 8608 it says my basis was $2500. I accidently made a contribution of $1300 in 2020 to my Roth instead of my traditional, so in 2021 I recharacterized it back to traditional then converted it back to Roth. After speaking with fidelity they mentioned the $1300 was for year 2020. So when I put my basis for December 2020, do I put what’s on form 8608, or do I also add this $1300 that was recharacterized? Thank you..
February 23, 2022
6:36 PM