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xhxu
New Member

Contributed $8,000 to IRA and recharaterized all to Roth later. Why TurboTax calculated my recharaterization as Taxable IRA distribution?

 
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dmertz
Level 15

Contributed $8,000 to IRA and recharaterized all to Roth later. Why TurboTax calculated my recharaterization as Taxable IRA distribution?

The result suggests that you reported a Roth conversion, not a recharacterization.  If the Form 1099-R has code 1, 2 o 7, the financial institution processed a Roth conversion.

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