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Returning Member

IRA: Recharacterized Value Greater than Contribution

Hello!

 

I am having a bit of a problem reconciling this problem within TurboTax.  In 2022, I received an unexpected bonus and realized I would exceed the MAGI for contributing to a Roth IRA.

 

I originally contributed $1,500.  By the time I made the recharacterization to a Trad IRA later on, it had grown to $1,507.  I have made the $7 withdrawal per TurboTax instructions, but I am unable to E-File due to the error on the "IRA Contributions Worksheet" as Line 22 "Recharacterizations" is greater than Line 19 "Contributions".  Can I remedy this within TurboTax software or must I file by mail?

 

Thank You!