https://ttlc.intuit.com/community/retirement/discussion/if-i-need-to-withdraw-or-recharacterize-contributions-to-a-regular-or-roth-ira-should-i-use-the/01/2106155#M142274 I recharacterized a traditional IRA contribution to a Roth in my 2019 tax year and my brokerage just moved shares, which included a small capital gain and pushed the recharacterization just over $6K. As O go to amend my 2019 return, TT now says I overcontributed to the Roth.&nbsp;&nbsp;Is that correct? We need to do a similar recharacterization for my wife for 2020, and I don't want to repeat any penalties I am incurring here. Thu, 18 Mar 2021 20:59:51 GMT holzhauzer 2021-03-18T20:59:51Z https://ttlc.intuit.com/community/retirement/discussion/if-i-need-to-withdraw-or-recharacterize-contributions-to-a-regular-or-roth-ira-should-i-use-the/01/2106155#M142274 I recharacterized a traditional IRA contribution to a Roth in my 2019 tax year and my brokerage just moved shares, which included a small capital gain and pushed the recharacterization just over $6K. As O go to amend my 2019 return, TT now says I overcontributed to the Roth.&nbsp;&nbsp;Is that correct? We need to do a similar recharacterization for my wife for 2020, and I don't want to repeat any penalties I am incurring here. Thu, 18 Mar 2021 20:59:51 GMT https://ttlc.intuit.com/community/retirement/discussion/if-i-need-to-withdraw-or-recharacterize-contributions-to-a-regular-or-roth-ira-should-i-use-the/01/2106155#M142274 holzhauzer 2021-03-18T20:59:51Z https://ttlc.intuit.com/community/retirement/discussion/re-if-i-need-to-withdraw-or-recharacterize-contributions-to-a-regular-or-roth-ira-should-i-use-the/01/2106228#M142277 <BLOCKQUOTE><HR /><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/3854735">@holzhauzer</a>&nbsp;wrote:<BR />I recharacterized a traditional IRA contribution to a Roth in my 2019 tax year and my brokerage just moved shares, which included a small capital gain and pushed the recharacterization just over $6K. As O go to amend my 2019 return, TT now says I overcontributed to the Roth.&nbsp;&nbsp;Is that correct? We need to do a similar recharacterization for my wife for 2020, and I don't want to repeat any penalties I am incurring here.<HR /></BLOCKQUOTE> <P>"Just"&nbsp; moved" - in 2021? &nbsp; A 2019 contribution had to be characterized before July 15, 2020 (or Oct. 15 2020 if you filed a timely extension)..&nbsp;&nbsp;&nbsp; After that it is not eligible to be recharacterized.&nbsp;</P> <P>&nbsp;</P> <P>In 2021 it can only be removed with a normal distribution.&nbsp;&nbsp;&nbsp; Anything put into your Roth in 2021 is a new 2021contribution&nbsp; subject to the contribution limits.</P> Thu, 18 Mar 2021 21:14:34 GMT https://ttlc.intuit.com/community/retirement/discussion/re-if-i-need-to-withdraw-or-recharacterize-contributions-to-a-regular-or-roth-ira-should-i-use-the/01/2106228#M142277 macuser_22 2021-03-18T21:14:34Z https://ttlc.intuit.com/community/retirement/discussion/re-if-i-need-to-withdraw-or-recharacterize-contributions-to-a-regular-or-roth-ira-should-i-use-the/01/2106247#M142279 <P>If it was actually recharactorized in 2020 then you should have received a 2020 1099-R reporting it.</P> Thu, 18 Mar 2021 21:16:57 GMT https://ttlc.intuit.com/community/retirement/discussion/re-if-i-need-to-withdraw-or-recharacterize-contributions-to-a-regular-or-roth-ira-should-i-use-the/01/2106247#M142279 macuser_22 2021-03-18T21:16:57Z