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wsfcm
New Member

Two recharacterizations for 2025

Hello,

 

For 2025, I contributed $3000 to a Trad IRA and $4000 to a Roth IRA. Later in the year I discovered the Roth contribution was going to be too much so I recharacterized $1200 to the Trad. I failed to account for capital gains during the year and now that I'm preparing my taxes, learn that I've still contributed too much to the Roth so I've recharacterized another $1800 to the Trad however that's happened in 2026.

 

Working through this section, I've documented the $1200 recharacterization made in 2025. Later the program rightfully warns me that I've contributed too much to the Roth. There's then the option to indicate Roth contributions that I've withdrawn however entering the $1800 results in my total IRA contribution showing as $5200 for the year rather than $7000. Is that correct? Is it possible to document two separate recharacterizations for the same tax year occurring in two different calendar years?

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