Hi,
I'm not too sure how to input this in TurboTax, any support would be awesome!
For background earlier this year (2023) I contributed $6k (max) to a roth ira for the 2022 tax year but as I started filing I realized that my MAGI for 2022 excludes me from being able to contribute directly to a roth ira. Thus I recharacterized this contribution to a traditional IRA (the account grew a bit so the full amount was closer to ~$6300) and then performed a backdoor roth (traditional > roth) on my 2022 contribution
Where I'm confused is how to input this (Essentially I have both a recharacterization of a roth > traditional and then I also performed a backdoor roth of traditional > back to roth on the same 2022 contribution). There are 2 turbotax guides I referenced:
1. https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-income/recharacterize-roth-ir...
2. https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-...
One of them asks me to select roth ira and the other asks me to select traditional ira, so I'm confused about whether it should be one or the other or both. If someone could let me know what the exact steps I should do in order to convey my situation that would be great, thank you!
