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Taxdog_2025
Returning Member

excess IRA contribution and recharacterization

Hello,

 

I am trying to make sure that I am reporting this correctly on my tax return for TY 2024 (had an extension to file).

 

For Tax Year 2024, we contributed to Roth IRA in excess.  We requested a return of excess contribution, and had that returned to our bank account.  Then, we also recharacterized a partial amount of what was contributed in 2024 to be recharacterized from our Roth IRA to a traditional IRA.

 

How is this reported in turbo tax?

 

For example, I have followed the steps in another thread about reporting what we will get in our 1099-R, but do we also include in reporting that part the recharacterized part, or just report that part in the section of turbo tax that talks about recharacterization?

 

Thanks

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