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Level 2
posted Feb 28, 2021 12:54:44 PM

Help on IRA and Roth-IRA

How do I report the excess Roth-IRA contribution and recharacterization in TurboTax?

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1 Replies
Level 15
Feb 28, 2021 1:10:26 PM

The 2020 code JP must be entered into your *2019* amended tax return.

 

For the recharacterization and conversion see my answer to tax17- in this thread:

 

https://ttlc.intuit.com/community/retirement/discussion/how-do-i-file-a-roth-recharacterization-to-a-traditional-ira-and-then-a-backdoor-roth-conversion-on/00/2004745