Hello,
I found out my MAGI is over the limit for Roth Contributions. In Feb 2022, I recharacterized all my 2021 Roth contributions to a Traditional IRA. My total IRA contributions (Roth and Traditional were still under the limit).
Question: I am using desktop app version of Turbo tax premier. In the deduction sections - do I put anything under the Roth Contributions or should I just I declare all contributions for 2021 under the Traditional? I called Vanguard and they said since the transaction was done in 2022, even though this is for 2021 tax year, I would not get any 1099-R or tax statements for this.
If I declare Roth Contributions in Turbo Tax - can I have an option to say that the entire contribution was recharacterized?
Thank you everyone.
