Hi,
This conversation has been really helpful, thank you!
I too did a recharacterization of a Roth IRA contribution to a traditional IRA contribution for tax year 2023. I'm wondering if I need to request and keep 5498's from Schwab (the brokerage company where I have my IRA's) for the 2023 contributions as well as the 1099-R. If so, can you please explain why? Also, does Turbotax take care of filing the 8606 if one is needed with the tax return for a recharacterization?
Really appreciate the help!
Kari
