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Retirement tax questions
Thanks you again @dmertz for your response. Based on only the Roth Recharacterization part, the Turbo Tax online version generated a 5498 form, the last page of which shows.
Is that all that I'll have to do for tax filing for the year 2025? Do I need to manually add a 8606 form for 2025 in addition to the 5498 that was system generated based on my inputs? Or will it be only required when I report the Conversion from my Traditional IRA to Roth IRA next year?
2 weeks ago