Retirement tax questions

@Jiawei32 

So you want to recharacterize $7000 from a Roth IRA (currently at Robinhood) to a traditional IRA (also at Robinhood?)  And Robin can't provide the NIA since since the contribution was made when you were at another institution.

 

It looks like the worksheet would be:

Line 1 $7000

Line 2 $15,000

Line 3 $26,000

Line 4 $11,000

Line 5 0.423

Line 6 $2961

Line 7 $9961

 

This calculation probably overstates the actual earnings attributed to the contribution from 2024, due to the inclusion of the $7000 from 2025, but it is the calculation you are required to use. (The instructions for line 3 say to include any other contributions made while the contribution to be recharcterized was in the account.)

 

@dmertz  any additional comments?