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Retirement tax questions
Not sure why it is not working.
Since code R is not working out for you, Stop. To get the basis on Form 8606 forget about the 1099-R with code R. do not enter it.
Tell TurboTax you made a contribution to Traditional IRA. That is what a recharacterization does for you.
then tell Turbotax you want it to be non-deductible. you will get a Form 8606 with the amount on Line 1.
‎February 26, 2023
11:19 PM
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