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Get your taxes done using TurboTax
thank you! I probably won’t dive deep into discrepancies (if they exist) on my 1099-R’s, I just want to make sure I enter all the numbers in TurboTax correctly.
“2. You will only enter the $1,000 for the outstanding recharacterization.”
So this direct answer of $1000 (contributed) for the question above even though the total recharacterized was $1317 ($1000 contributed + $317 gains) is what gets inputted into Line 6 of the 8606?
I have another expert that is saying this amount should be $1317. Am I missing something? Thank you!
March 24, 2022
1:54 PM