I contributed to traditional IRA in 2024 and recharacterized it to Roth IRA also in 2024. But due to job changes, i’m now exceeding the limit for Roth IRA contribution. I have to recharacterize from Roth IRA to traditional IRA. I requested Scwab to recharacterize everything to traditional IRA in 2025. How do I report these changes in my 1040? I received 1099-R for the recharacterization in 2024. How do I input these information in TurboTax? Do I need to file 8606?
