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Retirement tax questions
You made a $6,500 Roth IRA contribution and then "switched" (recharacterized) it to be a $6,500 traditional IRA contribution instead. That's what you indicate to TurboTax. Nothing to enter as contributions originally made to the traditional IRA
Your spouse made some amount of Roth IRA, contribution, switched that amount to a traditional IRA, so that portion would be entered the same as yours. The contribution made directly to the traditional IRA is to be entered as an original traditional IRA contribution.
The Roth conversions are separately entered transactions.
The results of all of these entries will come together on each of the Forms 8606.
‎February 5, 2024
11:01 AM