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Contributed to Roth- shouldn't have
Hello-
I contributed to Roth IRA on 12/31/2019 but later realized that I did not meet the eligibility criteria since I exceeded the income threshold. After realizing this mistake, I then re-characterized Roth contribution to traditional IRA on 03/25/2020 and a couple of days later, followed with backdoor conversion back to Roth. So, I no longer have what would be considered excess contribution in Roth from direct contribution.
Now, as part of 2019 tax return, I am wondering how I should be reporting the above transactions. Should I be only reporting contribution to traditional IRA on 03/25/2020 (for year 2019) and the subsequent backdoor conversion to Roth? How do I do this in TurboTax?
Appreciate the help.
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‎June 16, 2020
8:02 AM