BUND
Level 2

Retirement tax questions

Thank you for your explanation @DanaB27 

 

Just wanted to confirm, you are including the instruction for the 2021 TY part for my reference. I already did that last year. which means I shouldn't need to do that again correct?

 

I was following your instruction to put in the 1099 for 2022 TY and after the disaster question, TurboTax asks this:

Any non-deductible contributions to your IRA?

Let us know if you made and kept track of any nondeductible contributions to your traditional IRA from 2021 or prior years (this is not common).

 

Should I answer Yes or No to this question? I recharacterized $3860 from roth to traditional in 2022 for the 2021 TY but I am not sure if this counts as non-deductible contribution from 2021.

 

Thank you very much again for your help.