Hello,
I am trying to make sure that I am reporting this correctly on my tax return for TY 2024 (had an extension to file).
For Tax Year 2024, we contributed to Roth IRA in excess. We requested a return of excess contribution, and had that returned to our bank account. Then, we also recharacterized a partial amount of what was contributed in 2024 to be recharacterized from our Roth IRA to a traditional IRA.
How is this reported in turbo tax?
For example, I have followed the steps in another thread about reporting what we will get in our 1099-R, but do we also include in reporting that part the recharacterized part, or just report that part in the section of turbo tax that talks about recharacterization?
Thanks
