DanaB27
Expert Alumni

Retirement tax questions

Please be aware your Roth IRA contribution may be limited based on your filing status and income.​​​​​​ Please see 2020 - Amount of Roth IRA Contributions You Can Make for 2020 for details.

 

To clarify, you contributed to a traditional IRA and recharacterized it as a Roth IRA contribution?

 

Or are you trying to convert money from the traditional IRA to Roth IRA? This would be taxable income unless you made nondeductible contributions to the traditional IRA ,then amounts allocated to the basis would be tax free.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"