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Retirement tax questions
recharacterization: the original amount to the first IRA you report as contribution to the second IRA, earnings move but are ignored.
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You should not pay any tax on the recharacterization.
"My 2022 form 8606 reported that I have a basis in Traditional IRA of $2,236"
That's correct but, how did that happen?
Did you amend your 2022 tax return?
‎February 14, 2024
5:33 PM