- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I enter the $7,000 2020 Roth IRA contribution which I recharacterized to a traditional IRA in 2021 and then withdrew entirely as it was an excess contribution?
I recharacterized my 2020 contribution of $7,000 plus $1,500 in earnings in 2021 before the filing deadline for my 2020 taxes. It's confusing as I recharacterized from Roth IRA to traditional IRA, but now I'm withdrawing the entire amount from the traditional IRA as an excess contribution plus earnings.
Topics:
May 9, 2021
6:38 PM