Hi @dmertz,
Thanks for the reply.
To clarify and confirm:
-2020/2021 have no issues once I recharacterize with Schwab (my brokerage)
Will this affect my 2020/2021 tax returns in any way? Since this is already-taxed money. I plan to just roll it into a traditional IRA.
-2019 is my bigger issue. Do you mean I should by withdrawing the $6K I contributed and take a 10% hit? For the Form 5329, is this something that will automatically be captured in my 2021 filing? Or I need to follow up and remember this transaction?
For the 2019 Form 5329, is this something that can be done in Turbo Tax? Or I need to hand-calculate?
Most of the money in the IRA account are already invested into stocks. Does this change anything?
