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Retirement tax questions
thanks @dmertz
We did the same for my spouse's IRA, We converted the 2020 original contributions and gains to Roth IRA in 2020 with the intention of recharacterization and added a statement to explain the recharacterization.
For my account did the same except I transferred the money in 2021before tax due date.
@fanfare suggested to amend 2020 tax return and add 8606 . I am working on it, but TurboTax doesn't give me this option to to add 8606 forms to my and my spouse's accounts for 2020 tax return. It only asks for 2019 and prior years non-deductible contributions.
How can I handle this in TurboTax. I am using the 2020 desktop CD version. My spouse's 1099-R is for 2020 and for me is for 2021
‎February 4, 2022
7:01 AM