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I recharacterized over contributions to my Roth IRA into a Traditional IRA. I then back door converted the Traditional back to Roth. How do I report? (Forms 5329 & 8606)?
I accidentally overcontributed to my Roth IRA. When I realized that, I had the over contributions (the full amount of contributions) re-characterized into a Traditional IRA. I then backdoor converted the amount back to a Roth. My financial institution told me I needed a form 5329 and 8606. How do I go about this in TurboTax?
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March 19, 2025
8:34 PM