QDH
Returning Member

Traditional and Roth IRA contribution

I made a mistake and contributed $6500 to my Roth IRA account in 2024 for 2023.  I quickly realized that my income is going to be over the limit to contribute directly to Roth IRA.  I then "recharacterized" my Roth IRA plus gains to my Traditional IRA account, I then converted $6500 Traditional IRA back to Roth IRA (Back door contribution).  How do I deal with this mess in Turbo tax?  I saw someone else posted something very similar, I tried to follow the steps, however, it still told me that I over contributed to my Roth due to my high income and that I need to withdraw.  Please help,  Can you please listed all the steps instead of summarize.

 

Thanks