@techie353 wrote:
Actually, I'm wrong. My contribution was in fact in April of 2021 and applied to Roth contribution 2021. I just requested a recharacterization from Vanguard. So the next step (final step?) is to add this 'recharacterization ' into TurboTax as you mentioned above? When will I get the Form 1099-R? Next year?
Can you go back and start over? You've changed the facts 3 times so far. It makes a big difference if this mess started in 2020 or 2021. When did you rollover your IRA into your 401(k)?
[See corrected answers below]
Here's one of my problems with your facts. If you recharacterize the Roth IRA (April 2021 for tax year 2021) to a non-deductible traditional IRA contribution, that will drastically change the tax position of the rollover from your traditional IRA to your 401(k), which also occurred in 2021?
You may need professional assistance if you want to keep this money in your accounts. It may be safer to simply remove the excess Roth for 2021 and not re-contribute or recharacterize it.
@dmertz can you comment? This one is getting complicated.
