Hi !
I am running into a similar problem. My wife contributed $7000 to traditional IRA for 2021 and within a week recharacterized (i.e., transferred) it to her Roth IRA. Yet TurboTax 2021 flags this as excessive contribution into Roth IRA due to income limits. As I understand it, income limits do not apply to Roth IRA recharacterization. Could you please clarify? Thanks!
