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Retirement tax questions
your initial situation is quite simple.
you didn't state you recharacterized one amount but converted a much larger amount.
trustee-to-trustee means you went through the custodian who calculated the earnings.
you can't resolve an excess without the custodian's help. you did that part.
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" recharacterization from a Roth of 2,309.28 (earnings 309.28),"
This is now a traditional IRA contribution of $2,000. include that amount in your contributions for the year.
As I said above, don't enter that first 1099-R because you are not answering the followup correctly and it is not necessary.
Your Form 8606 basis is going to determine the non-taxable part of your conversion.
‎April 19, 2025
6:05 AM