1. You only need to check Traditional IRA since you only made a Traditional IRA contribution in 2025. Unless you want TurboTax to keep track of your prior years Roth IRA contributions.
2. Yes, you enter the Traditional IRA contribution of 7,000.
3. Don't enter anything on this screen, this is for recharacterizations. You made a conversion in 2025, this will be entered in the retirement section when you enter your 1099-R.
4. Delete the recharacterization screen.
5. Yes, you will select "yes" here and enter the basis from your 2024 contribution ($7,000) on the next screen.
6. Correct you do not enter a Roth IRA contribution.
7. Yes, you can enter your prior year Roth IRA contributions if you want TurboTax to track your basis. Do not include the amount that was recharacterized in 2024.
8. Correct if you never converted anything to Roth IRA. Note, recharacterization and conversion are different.
- Recharacterization from a Traditional IRA to Roth IRA is pretending you never made the contribution to the Traditional IRA, you pretend you only made it to the Roth IRA. This can only be made by the due date.
- Conversions to Roth IRA can be made anytime and is moving the funds from Traditional IRA to Roth IRA (you did this in 2025).
9. You select "No" since you fixed your Roth IRA excess contribution in 2024 by recharacterizing it as a Traditional IRA. You shouldn't have had an excess contribution since the gains are deemed to have been earned in the Traditional IRA because of the recharacterization. When you convert the funds from Traditional IRA to Roth IRA the gains will be taxable but it will not trigger excess contribution because it is not a new contribution to the Roth IRA.
10. Yes, the value of $1 is entered correctly.
No, you do not enter anything under outstanding recharacterization. You made a conversion. Please delete the entry.
11. The incorrect taxable amount results from a few wrong entries once you fix them it should show the correct taxable amount.
12. No, you should show a Traditional IRA contribution. Once you delete the recharacterization during the IRA contribution interview this should be fixed.
@ales01
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