thanks! that's what I thought too. my MAGI is too high so I was intended to do the backdoor through IRA conversion. seems it was done incorretcly.
but since my MAGI is too high and likely be the case for 2025, I cannot even apply it as contribution for next year but withdraw this.
If I have this amount withdrawn before tax filing deadline, how can I report this correctly on Turbo Tax to avoid the penalty? since I probably wont get a tax form for this activity until next year? all I have now is this distribution code N form indicating the 'recharactorization'.
