Solved: I contributed to a Roth IRA in 2016, but recharacterized it as a nondeductible traditional IRA contribution in 2017. How do I enter this in TurboTax?
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I contributed to a Roth IRA in 2016, but recharacterized it as a nondeductible traditional IRA contribution in 2017. How do I enter this in TurboTax?

I contributed to a Roth IRA in 2016, but then recharacterized it as a nondeductible traditional IRA contribution in 2017. When entering the traditional IRA contribution info into TurboTax, what do I put down for 'How much of the above total contribution was between January 1, 2017 and April 18, 2017?'
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Employee Tax Expert

I contributed to a Roth IRA in 2016, but recharacterized it as a nondeductible traditional IRA contribution in 2017. How do I enter this in TurboTax?

You will enter zero.  When you recharacterize a contribution, the original treatment of the contribution is treated as if it never happened.  Even though you recharacterized in 2017, your original contribution (which is now a nondeductible Traditional IRA) was made in 2016.  You are considered to have made your Traditional IRA contribution in 2016 and not 2017.  Here is an FAQ with more information:  https://ttlc.intuit.com/replies/3302139

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Employee Tax Expert

I contributed to a Roth IRA in 2016, but recharacterized it as a nondeductible traditional IRA contribution in 2017. How do I enter this in TurboTax?

You will enter zero.  When you recharacterize a contribution, the original treatment of the contribution is treated as if it never happened.  Even though you recharacterized in 2017, your original contribution (which is now a nondeductible Traditional IRA) was made in 2016.  You are considered to have made your Traditional IRA contribution in 2016 and not 2017.  Here is an FAQ with more information:  https://ttlc.intuit.com/replies/3302139

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I contributed to a Roth IRA in 2016, but recharacterized it as a nondeductible traditional IRA contribution in 2017. How do I enter this in TurboTax?

So how do we report the Roth IRA distribution that is reported in 1099 R with Code R for the 2017 tax year? Do we need to attach an explanation/ statement in 8606 ?
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