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Retirement tax questions
@dmertz Thank you for the information. Does a "recharacterization" count towards 1040 line 15a? That's the only way I can come up with that number. It is currently showing as the total amount of money I converted from Traditional IRA to Roth IRA + the amount I recharacterized from Roth IRA to Traditional IRA in 2017 (effectively adding that amount twice since I recharacterized and then did conversion). Does that sound right?
I see on my 2016 tax filing that the IRA distribution is blank even though I noted the recharacterization of funds before I filed so either my guess above is incorrect or I need to amend my 2016 taxes.
I see on my 2016 tax filing that the IRA distribution is blank even though I noted the recharacterization of funds before I filed so either my guess above is incorrect or I need to amend my 2016 taxes.
‎June 6, 2019
11:18 AM