Thank you for the reply. Few questions:
- As you said, I can recharacterize the 2023 contribution, but don't I have to pay taxes on the gains? I wasn't clear on that. If yes, then should I put that in this year's tax return.
- The 2022 contribution was made in 2023, even then I can't recharacterize?
- I didn't understand the distribute the excess amount being carried forward part? Does it mean I withdraw that amount from the IRA?
Thank you!
