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J
jww2018
February 28, 2021
Question

Help on IRA and Roth-IRA

  • February 28, 2021
  • 1 reply
  • 0 views

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

    1 reply

    macuser_22
    macuser_22
    Employee
    February 28, 2021

    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

    **Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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