https://ttlc.intuit.com/community/taxes/discussion/turbotax-online-problem-for-explain-the-return-of-contribution-re-1099-r-for-recharacterization/01/3787631#M1408478 <P>Hello: I received 2 1099-R forms from Vanguard this year (2026) for tax year 2025, for having done a recharacterization of IRA Roth Contributions in March 2025 for tax year 2024 contributions. One is for the amount I recharacterized in 2025 for $4227 (for tax year 2024), which has no tax owed (line 2a). The second IRA I received in 2026 is for a "gross distribution" that may have been generated trying to sell my Roth earnings and buy Rollover IRA earnings last March 2025, and $368.09 is my distribution. I owe $19.83 in taxes. (line 2a). Last year for tax year 2024, I also correctly filed a form 8606 listing this amount and I wrote a statement filed with my tax year 2024 federal taxes saying:&nbsp;Date of the Recharacterization: February 11 and March 3, 2025. The Amount Recharacterized: $4227.21 The Amount Transferred (Recharacterization plus earnings or losses): $4227.21" I said&nbsp; I had to fix an "excess contribution" to my allowable Roth IRA contribution for those 50 years of age and older for fiscal year 2024.</P><P>&nbsp;</P><P>QUESTION: TurboTax allowed me to enter my 1099 forms but I think it believes I was in error, or I just am not smart and not able to grasp tax rules for completing TurboTax Online for this situation. It's telling me to&nbsp;"Explain the return of contribution" in a box after I finish entering my 1099-R data.&nbsp;What information is this supposed to be? I added this, but it’s not clear this is correct: “I wrote in my return for 2024 tax year about my recharacterization: Date of the Original Contribution: June 26, 2024. Date of the Recharacterization: February 11 and March 3, 2025. The Amount Recharacterized: $4227.21 The Amount Transferred (Recharacterization plus earnings or losses): $4227.21.”</P> Thu, 19 Feb 2026 06:37:27 GMT LionsTIgersBearsRavens 2026-02-19T06:37:27Z https://ttlc.intuit.com/community/taxes/discussion/turbotax-online-problem-for-explain-the-return-of-contribution-re-1099-r-for-recharacterization/01/3787631#M1408478 <P>Hello: I received 2 1099-R forms from Vanguard this year (2026) for tax year 2025, for having done a recharacterization of IRA Roth Contributions in March 2025 for tax year 2024 contributions. One is for the amount I recharacterized in 2025 for $4227 (for tax year 2024), which has no tax owed (line 2a). The second IRA I received in 2026 is for a "gross distribution" that may have been generated trying to sell my Roth earnings and buy Rollover IRA earnings last March 2025, and $368.09 is my distribution. I owe $19.83 in taxes. (line 2a). Last year for tax year 2024, I also correctly filed a form 8606 listing this amount and I wrote a statement filed with my tax year 2024 federal taxes saying:&nbsp;Date of the Recharacterization: February 11 and March 3, 2025. The Amount Recharacterized: $4227.21 The Amount Transferred (Recharacterization plus earnings or losses): $4227.21" I said&nbsp; I had to fix an "excess contribution" to my allowable Roth IRA contribution for those 50 years of age and older for fiscal year 2024.</P><P>&nbsp;</P><P>QUESTION: TurboTax allowed me to enter my 1099 forms but I think it believes I was in error, or I just am not smart and not able to grasp tax rules for completing TurboTax Online for this situation. It's telling me to&nbsp;"Explain the return of contribution" in a box after I finish entering my 1099-R data.&nbsp;What information is this supposed to be? I added this, but it’s not clear this is correct: “I wrote in my return for 2024 tax year about my recharacterization: Date of the Original Contribution: June 26, 2024. Date of the Recharacterization: February 11 and March 3, 2025. The Amount Recharacterized: $4227.21 The Amount Transferred (Recharacterization plus earnings or losses): $4227.21.”</P> Thu, 19 Feb 2026 06:37:27 GMT https://ttlc.intuit.com/community/taxes/discussion/turbotax-online-problem-for-explain-the-return-of-contribution-re-1099-r-for-recharacterization/01/3787631#M1408478 LionsTIgersBearsRavens 2026-02-19T06:37:27Z https://ttlc.intuit.com/community/taxes/discussion/re-turbotax-online-problem-for-explain-the-return-of-contribution-re-1099-r-for-recharacteriza/01/3806343#M1415792 <P>That seems like the correct answer and correct way to handle it. &nbsp;Is it properly handling the amounts?</P> Sat, 28 Feb 2026 00:14:04 GMT https://ttlc.intuit.com/community/taxes/discussion/re-turbotax-online-problem-for-explain-the-return-of-contribution-re-1099-r-for-recharacteriza/01/3806343#M1415792 RobertB4444 2026-02-28T00:14:04Z