@dmertz wrote:
Why wasn't your Roth conversion $7,286? It appears that the total amount that was in traditional IRAs and was converted to Roth in 2019 was $1,000 from the recharacterization of a portion of your 2018 Roth contribution, $3,286 from the recharacterization of your $3,000 Roth IRA contribution for 2019 and $3,000 contributed directly to your traditional IRA for 2019. Where is the missing $1,000?
Good point.
@sfoksn In 2018 did you also convert that $1000 to a Roth and failed to enter the $1,000 recharacterization as above, so that the $1,000 of non-deductible basis could be applied to the 2018 conversion? T
You might need to amend 2018 to straighten it out.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
