It sounds like you recharacterized your excess Roth IRA contribution.
There are three ways to handle excess Roth IRA contributions:
- Withdraw your excess contributions
- Recharacterize your excess contributions
- Apply your excess contributions to a future year.
Since this is done by the due date for filing your 2021 tax return (including extensions), you can treat the contribution as made to the Traditional IRA for 2021 (effectively ignoring the contribution to the Roth IRA). If your Traditional IRA is not deductible, make sure to enter the contribution to TurboTax so that Form 8606 can be generated to track the basis in your Traditional IRA.
@dmtbue
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