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Made traditional IRA contribution in 2022; recharacterized to Roth contribution in 2023
Hi, I made a traditional IRA contribution in 2022. Last month, I realized it wouldn't be deductible so I requested that Schwab recharacterize it to a Roth contribution. They did so. How do I enter this on the TurboTax desktop app? And should I expect any forms from Schwab?
If I enter a Roth contribution on TurboTax, it asks if I recharacterized, but it doesn't give that option when entering a traditional contribution.
Thanks!
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‎February 11, 2023
6:11 AM