Subject: Backdoor IRA. I accidentally put $100 directly in Roth instead of traditional. I recharacterized it to a traditional, then converted back to Roth. How to report?

Forum|Forum|1 year ago
September 5, 2025
2 replies
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Contributed additional $6900 to complete the $7,000, but my 5498 form now shows: 1. 6900 (Contribution) 4. 99.54 ($100 recharacterized minus loss) 5. 0.02 (Fair market) Do I report that I contributed $7,000 to Traditional IRA and then convert to Roth? Do I need to somehow report the $100 - $99.54 recharacterized?

TurboTax Deluxe Online

fanfare

Level 15

recharacterization of $100: the original amount to the first IRA you report as contribution to the second IRA, earnings move but that is ignored.

report this on your tax return for the year during which the contribution was made.
Treat the contribution as having been made to the second IRA on the date that it was actually made to the first IRA.

Attach a statement to your tax return describing the recharacterization and how you treated the contribution to the second IRA.

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Upon reporting a Trad IRA contribution (non-deductible of $6,900+$100 = $7,000) on your tax return, you can then also report a Roth conversion of the contributed amount for net tax of zero, unless your IRA previously had value exceeding basis.

to report a non-deductible contribution, Form 8606 must be attached.

@cassio_ferreira