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Get your taxes done using TurboTax
DanaB27:
Thanks for reply. To your questions:
1) On my 1040/2020 IRA contribution: I did not make traditional deductible IRA for myself, but for my wife. So line 20 (19 for 2020) in Schedule1 shows $7k for her tIRA.
2) On recharacterization: I did not make recharacterization through my institute, I transfered tIRA account money to rIRA. Box 7 code is 7.
3) The conversion happened twice, both in 2021. On 05/17 first conversion from 2020 nondeductible tIRA contribution made 05/10, on 06/24 from 2021 nondeductible tIRA contribution made 06/17
March 28, 2022
6:22 PM