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ramsgusom
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How to make a Roth IRA conversion tax deductible, while also reporting a recharacterization

2 separate events

- 401k rolled over to traditional IRA, and then converted to Roth IRA

- 2018 Roth IRA contribution that was then recharacterized into a traditional lRA


Turbotax is not letting me pay tax on the 401k --> Roth IRA amount. The 2018 recharacterization is being deducted from the 401k amount.

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How to make a Roth IRA conversion tax deductible, while also reporting a recharacterization

You should have two 1099R's and only the 2nd one Traditional IRA to Roth IRA will be taxable income.

Then for contribution of IRA list it as a Traditional IRA contribution and not a Roth.

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