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Retirement tax questions
I was mixing two separate topics.
So coming back to the main topic. I think I understood what you said as to how I can report re-characterization in Turbotax. This is where I will report re-characterized after tax ROTH contribution to Traditional IRA.
How do I report the back-door conversion from Traditional IRA back to ROTH? I have already completed this transaction in my Vanguard account- meaning I have already completed the back door conversion and I have no value in my Traditional IRA. How will I report this in Turbotax?
{In a nutshell this is the order of transactions I am trying to reflect in Turbotax. (1) Incorrect contribution to Roth in 2019 December. (2) Re-characterization to Traditional IRA in January 2020. (3) Back-door conversion from Traditional IRA to Roth}
Thank you