delaneylepak
Returning Member

Roth IRA Recharacterization and back door conversion

Hi Turbo Tax Community, 

 

In March of 2021, I made the following Roth IRA contributions:

 

1) $6,000 allocated for 2020.

2) $6,000 allocated for 2021.

 

In April 2021, I got a new job and am now above the income limit. 

 

As a result, in October 2021, I recharacterized $6,abc ($6,000 + interest) into a Traditional IRA.  

 

In December 2021, I converted $6,xyz (not the full $6,acb) of the traditional IRA balance to Roth IRA via the "back door" conversion. 

 

Any help is appreciated for how to reflect this in my taxes! Thank you so much!