- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Line 11 can't be greater than line 9. Line 9 comes from the amount of contributions in 2021 in Line 1, which we already determined wasn't the problem.
Another problem could come if you recharacterized the IRA contribution. Please note, recharacterizing to a Roth is not the same as converting to a Roth. They are entered differently and the tax treatment is also different. A back-door conversion can't be done by recharacterizing your contribution. See this article for more information about the difference between recharacterization and conversion.
If that is the source of the problem, you can go back through the contribution questionnaire and answer 0 to Tell Us How Much You Transferred.
March 2, 2022
12:09 PM