Hello again @macuser_22
I am sorry I am still getting stuck. Again to summarize, I contributed to ROTH on Dec 31, 2019 by mistake since I realized I was not eligible to contribute>> In January 2020 after realizing the mistake, I re-characterized ROTH to Traditional IRA >> In a back to back transactions, I did backdoor conversion to move from Traditional back to ROTH.
Following your guidance, I decided to report re-characterization on 2019 now and ignore 1099-R that I will get for 2020 with R in box 7 later on.
I went in through "Traditional IRA and ROTH IRA" screen.
- TurboTax asked me to enter my "contribution to Traditional IRA even if later you transferred to ROTH IRA". I said entered the amount. (Is this correct?- or should I be using some other screen to say I actually contributed to ROTH and later re-characterized to Traditional)
- It asked me "Tell us if you switched from traditional to ROTH". I said NO. (Should I be saying YES- I did switch, although I did it in 2020? I know you said this backdoor would be reported on 2020 return- but can I already report it on 2019?)
So you see, I did not get the screen that you called out that asks "Did you switch from ROTH to Traditional IRA- re-characterize".
I am doing something wrong. Please will you help? Thank you.
