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Deductions & credits
Thank you for explaining.
To clarify, I recharacterized $6,000 contribution along with $2,400 earnings from my Roth IRA to a traditional IRA. After realizing that this exceeded the contribution limit, I requested a return of contribution of $2,400 from the traditional IRA to avoid excess contribution. If I had not requested the return, I could have converted the entire $8,400 back to the Roth IRA. My question is, is it possible to reverse the return of contribution of $2,400, so that it appears as if the return of contribution never happened?
‎April 4, 2023
6:14 AM