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Retirement tax questions
How do I do this on Turbotax?
Realized I was over the income limit so recharacterized my roth IRA contribution (6000 + earnings, to 7,058.61), then converted the traditional (7,058.61) to roth. I created my Traditional IRA this year, but the conversion is for 2019 confusingly.
I think Turbotax supports this but the menus are confusing AF in my case. Most people just contribute to a traditional then convert, but I had to recharacterize first, then convert.
Made a video here of me clicking through it, am i doing anything wrong?
‎February 7, 2020
8:32 PM