Our financial advisor notified us in mid 2024 that we were over the income limit for Roth IRA contributions for 2022, 2023, and 2024 tax years. 2022 contributions were completely withdrawn. 2023 and 2024 contributions were both recharacterized to traditional IRA. Turbo Tax has input fields for 2024 contribution recharacterization, but not for the 2023 contribution. How do I report this? Of note, the recharacterization of 2023 contributions was done before the extended tax filing deadline in 2024 (October 15, 2024). Is there a way to report recharacterizations from prior tax years? Or should total recharacterization amounts from 2023 and 2024 be combined and reported as a single recharacterization for 2024?
