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How to handle a Roth recharacterization that transferred too much back to the Traditional IRA?
I converted $10,000 from my Traditional IRA to my Roth IRA in 2017.
In December 2017, I sent an election to the Trustee to recharacterize $11,000 (the $10,000 plus $1000 gain attributable to the conversion) back to the Traditional IRA.
The Trustee actually transferred the $11,000 in February 2018, at which time there was a $1000 loss attributable to the conversion, so I believe only $9000 should have been recharacterized.
How should this be reported in TurboTax?
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‎June 6, 2019
9:29 AM