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Investors & landlords
This is super helpful. But before I breathe a sigh of relief, I noticed this extra question in Turbotax Home & Biz;
Right after "Tell Us How Much You Contributed", I get "Tell Us How Much You Transferred":
How much of the $7000 you contributed to a traditional IRA for 2022 did you switch, or "recharacterize" (this does not include conversion or rollovers), to a Roth IRA?
Do I mention "0" (and not $7000) in this case? Assuming, I put "0" and proceed, it is showing my IRA deduction is "0" since the income is above the limit of $129,000 while being covered by a retirement plan at work.
‎April 17, 2023
12:48 PM