I was confused by my trustee and converted too much from my IRA to Roth IRA.
I understand that I should take out the excess with interest earned and report the interest earned to avoid excessive taxation.
Can I put money back into my IRA (recharacterization?) or this is forbidden now?
If I recharacterize or withdraw by the end of the tax season, should I report these operations (Conversion and Recharacterization or Withdrawal)? Will I be able to report as my Roth IRA contribution only the difference between the initially converted and recharacterized/withdrawn?
