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Reporting a Roth IRA in deductions & credit -> Retirement and Investments ->Traditional and Roth IRA Contribution
I over contributed on Roth IRA by $450 in 2024, I have requested my plan admin to recharacterize it and move it and to my Traditional IRA. on 3/7/2025. In the Roth contribution amt being asked by TurboTax, do I specify reduced amount ($7550) or the original $8000 in this year's 2025 tax filing?
Or do I specify $8000 and then enter $450 in the amt that I recharacterized in TurboTax?
March 8, 2025
8:59 AM