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Retirement tax questions
If I were to put the amount including earnings & losses (5000) for Tell Us How Much You Transferred for Step 5, the next page will show that I have Excess Contribution of $1000 even though I did recharacterization to Traditional IRA for my $6000 Roth IRA Contribution"
Exactly ,
That's why you have to enter $6,000, which is the amount you recharacterized.
March 4, 2023
8:30 PM