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Level 2
posted Feb 20, 2020 1:43:12 PM

When do I pay taxes on earnings from a ROTH to Traditional re-characterization?

I did an excess contribution of $6000 to my ROTH IRA in 2019 - which I re-characterized (+earnings) to a Traditional IRA in February 2020. For the earnings that were re-characterized along with the excess contribution, do I have to pay tax on them in the 2019 return, 2020 return or when I get a distribution?

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1 Replies
Expert Alumni
Feb 20, 2020 2:06:50 PM

Please read this TurboTax answer by dmertz which addresses your question.