In the year 2022, I made the mistake of contributing $7,000 to a Traditional IRA instead of a Roth IRA. As soon as I noticed in Feb 2023 I requested Vanguard to recharacterize.
2023-02-28 - I did recharacterize all $7,000 to Roth IRA
2023-03-08 – File 2022 Tax Return that included contribution of $7000 to Roth IRA
2023-05 – Received 5498 from Vanguard showing I contribute to Traditional IRA
- Do I have to amend in the year 2022 or 2023?
- I checked my Roth IRA the amount coming in is about $6xxx.00, not the whole $7000 due to the loss. How do I proceed with this tax amendment?
- What is my next step for filing a 2023 Return?
Any help would be appreciated.
Thank you
