DanaB27
Expert Alumni

Retirement tax questions

Thank you. I reviewed your return. You entered a recharacterization in the IRA contribution interview you need to delete the entry on the "Tell Us How Much You Transferred" screen.

 

Please note since you entered a value on December 31. 2024, part of your conversion is taxable according to the pro-rata rule. 

 

FYI, TurboTax is using Taxable IRA Distribution Worksheet instead of Form 8606 per Pub 590-B  to calculate the nontaxable portion as indicated by the * next to line 13.

 

 

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