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Recharacterization, do I need to amend 2022 tax?
Hello,
I originally contributed to my roth IRA but after going through Turbo Tax, I was alerted I did not qualify for the full amount. I tried to recharacterize the amount myself, not knowing I had to go through Fidelity to do all this, so I put the $6000 in my traditional thinking I could do a backdoor roth IRA then transferred to roth IRA. I ended up confusing myself and just decided to transfer the $6000 to my individual account and nothing to my IRA accounts. I reported on my taxes I did not contribute to any IRAs. Do I need to amend my taxes or am I ok? On Fidelity's end, I have rectified any issues, just wasn't sure if I needed to amend my taxes.
‎August 7, 2023
1:53 PM