I contributed $5,500 to my Roth in 2018 but I was in the phase out income level. How do I know exactly how much I need to recharacterize to my traditional IRA?

Forum|Forum|7 years ago
June 1, 2019
1 reply
10 views

Will TurboTax tell me exactly how much in excess I contributed or do I need to calculate that myself? If I do have to calculate myself how is that checked?

TurboTax Premier Online

Best answer by DavidD66

Yes, TurboTax will calculate your maximum IRA contribution. You should do your Roth IRA contribution last.

DavidD66Answer

Level 15

Yes, TurboTax will calculate your maximum IRA contribution. You should do your Roth IRA contribution last.

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I contributed $5,500 to my Roth in 2018 but I was in the phase out income level. How do I know exactly how much I need to recharacterize to my traditional IRA?

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