@AmyC @DanaB27
Hi, I was going thru all the answers from my questions, and ran into possibly conflicting information from each of you. If possible are you guys able to clarify this?
“Yes and yes. You recharacterized $3100 according to your 5498. Your basis remains $2500.”
In TurboTax it asks how much we contributed to Roth which was $2500. But there is a question that asks “how much of this did you recharacterize?”
This amount grew to be $3100. The total amount recharacterized was $3100 ($600 gains).
@DanaB27 States the answer to the question “how much of this did you recharacterize” should be $2500
@AmyC if I read your answer correctly you state the answer should be $3100
Am I simply reading @AmyC your answer incorrectly or is your answer different? Thank you
