Thank you so much for responding. Yes, it was my mistake, one of the two checks went direct rollover, the second was lost and i had it sent to me directly, and i deposited the 12,000 check into the Roth IRA account. A day after the deposit I contacted the Roth IRA account firm where it was deposited, I was told that by law they could not do a Recharacterization of the deposit to my traditional pretax account. this happed 8/8/2024. I would love to know how i could just reverse this transaction and put the money in the pre-tax IRA. If not, what can i do to lighten the tax burden? and, how to avoid a penalty for this mistake?
In 2022, when i did my taxes i contributed to my traditional IRA and my wife's IRA, but turbo tax would not allow both tax deductions because i had a job sponsored 401k ( Roth) . Is this true?
