PT313
Returning Member

Retirement tax questions

Thanks  macuser22!

I think you solved my first problem, how to enter the amount that I converted into ROTH IRA. I entered the full amount, say $2000, into ROTH IRA frame as shown in you screen shot. Yes, it became a taxable event.

However, I got lost at the second part, how do I tell TurboTax that I changed my mind and enter the recharacterized amount, say, $300? The recharacterization occurred in year 2002, not within the last 3 years. I do not know how to fill the form 8606.

Thanks again for your help!