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Retirement tax questions
Hello my question is on the same topic.
I contributed $6000 in Roth IRA in 2021. I got the message that my contribution was in excess for the year based on the annual income. In order to avoid penalty, I recharacterized twice from my Roth IRA to Traditional IRA. I recharacterized $1200 in Jan 2022 and $800 in Feb 2022.
My question is where on TurboTax Deluxe do I enter the two recharacterization amounts and dates? I see only one input box where I can put the recharacterization amount. Should i add the recharacterization amounts and enter that?
‎February 28, 2022
5:03 PM