Wrongly open traditional IRA which should be Roth IRA

Phyhcn18 · ‎February 18, 2026

Hi

I wrongly open transitional IRA in 2025 as I am eligible for Roth IRA, going to do the recharacrization to Roth IRA in 2026.
What and How do I do/report in 2025 tax filing in turbo tax?

thanks

AnnetteB6 · ‎February 18, 2026

If you do the recharacterization of your Traditional IRA contribution before the due date of your 2025 tax return, then it will be as if you did not make the Traditional IRA contribution at all.

This would be reported in TurboTax by going through the Traditional IRA contribution section of your return (because that is what was done during 2025) and answering the follow-up questions to state that the contribution was recharacterized to a Roth IRA.

To learn more, take a look at the following TurboTax help article:

What are IRA conversions and recharacterizations?

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