In April 2019, we realized that we exceeded Roth income limits. My husband recharacterized his excess contribution (w losses) to a traditional IRA and soon after did a backdoor Roth conversion (all in one week). He doesn't own other traditional IRAs. I have a traditional IRA so I got my excess contribution (with losses) and invested in non IRA funds. In the 2018 return, how do I: 1) Report my husband's Recharacterizations from roth to traditional? 2) Tell TT that hubby got all excess contribution (with losses) from the roth? 3) Tell TT that I got all of my excess contribution (with losses) from the roth? my biggest confusion is whether i have to check that my hubby contributed to both a traditional and roth in 2018 and answer all questions under each section [Federal Taxes, Deductions & Credits, traditional and roth IRA contributions] I also want to confirm that the back door roth conversion will be reported on the 2019 right, right?
... View more