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Retirement tax questions
I had to recharacterize contributions from Roth to Traditional due to limitations. I followed TurboTax prompts, entering as Roth and providing info from 1099R. I am not seeing TurboTax treat these as deductible contributions to a traditional IRA. Are these recharacterized contributions tax deductible, even if I take the standard deduction? If so, where would they show up? Thank you.
‎April 24, 2021
11:05 AM