DanaB27
Expert Alumni

Retirement tax questions

The code R means: Recharacterized IRA contribution made for 2018 and recharacterized in 2019. Therefore, you need to amend your 2018 return. Please see How do I amend a 2018 return in TurboTax?.

 

To report the recharacterization and earnings you will enter the 2018 IRA contribution in the IRA contribution interview section and then say "yes" to the question "Did you switch from a Roth to a Traditional IRA - recharacterize" and enter the original contribution amount.

 

  1. Login to your TurboTax Account 
  2. Click "Federal" from the left side of your screen
  3. Click “Deductions &Credits” on the top
  4. Scroll down to “Traditional and Roth IRA Contributions” and click “Edit

 

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