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Retirement tax questions
Thanks for your reply.
I had been through the wage & income interview regarding value of traditional Ira and had initially separately entered the recharacterization amount as well as the Ira value at the end of the 2020. However when I get to the explanatory statement it reads as if I am recharacterizing to a R oth not to a traditional Ira. So this makes me think something is wrong.
Next if I go to reductions & credit I can enter both the amount to remain in the Roth contribution and the amount from the Roth that I need to recharacterize . At the explanatory statement lead in it properly refers to the Roth recharacterization. But I am not asked about year end value of Ira in this section.
March 4, 2021
7:43 AM