cjax55
New Member

Retirement tax questions

THanks for the quick response.  I'm single and do not have a retirement plan with my employer.  I originally made the contribution as a Roth IRA but due to wage limits, had to recharacterize it as Traditional.  My understanding is that the traditional would be deductible but I'm not seeing that applied in Turbo Tax.  Is there any other reason TT would make it non-deductible?  I was thinking it should now be entered as Traditional but the note in TT says NOT to include recharacterized contributions and instead, list them as Roth.  Still confused :(