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April 9, 2025
Question

1099-R Recharacterization from Roth IRA to Traditional IRA

  • April 9, 2025
  • 1 reply
  • 0 views

I did recharacterization from Roth Ira to Traditional IRA, of $6500.  Now seems the $6500 is added to total taxable income. why is that?  It is not right, it is from Roth, should be tax free. Please help

1 reply

April 9, 2025

Can you clarify what code you had for Box 7?  If you have a code N for Box 7, it will automatically have it as nontxable.