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Retirement tax questions
I started a topic here:
Basically I think I have a unique situation. I accidentally recharacterized $1000 (for ease) twice from Roth to traditional bc I put it in the wrong account. This created a basis going forward from 2020 to 2021 and so forth. So end of year 2021 I ended up with $2772 on like 14 even though I actually only had $500. I feel that I reported everything correctly based on my tax forms (which included all these double recharacterizations) so now my basis does not match my actual amount in the traditional. Am I screwed pretty much going forward? I don’t really know how to remedy this besides report them as listed on the tax forms. Any advice would be appreciated.
the original thread of my problem from last year:
February 23, 2023
9:18 PM