First year taking a roth distribution. TT is asking for "net contributions" and explains contributions-distributions-. ? recharactsrizations from 20 yrs ago incl. or -?

Nan2C · ‎April 16, 2023

tt doesn't mention recharactsrizations on this page. However on another page it does. After putting in the total amount of rechar. pre 2003, the tax filing forms mentions that it is for 2022. umm very not enough details to understand what the program wants.

DanaB27 · ‎April 17, 2023

If you recharacterized a traditional IRA as a Roth IRA contribution then this will be included in your net contribution amount. Conversions to Roth IRA will be entered in the next question.

Please see What's the difference between a conversion and a recharacterization? for additional information.

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First year taking a roth distribution. TT is asking for "net contributions" and explains contributions-distributions-. ? recharactsrizations from 20 yrs ago incl. or -?