- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
ROTH recharacterize to Trad IRA
I contributed 7000 to Roth IRA in 2020 and found out in 2021 that I made too much, so I recharacterized and converted it to a Trad IRA. My problem is in Turbo Tax when it asks "Excess contribution withdrawn before the due date of your return". Should this be a 7000 amount, or does "withdrawn" only apply to withdrawing by taking it out completely, not taking it out and moving it to Trad IRA?
‎June 15, 2021
6:01 PM