Skip to main content
Employee
April 4, 2018
Question

Roth Recharacterization for 2017 where and how to input manually in 2018 Turbotax?

  • April 4, 2018
  • 1 reply
  • 0 views

I backdoored a decent amount ($25k) into Roth from Traditional IRA in 2017.  Now in 2018 I've decided to re-characterize the entire sum $25k back into Traditional.  Turbotax downloaded my 2017 1099-R from Fidelity showing the entire sum ($25k) as an ordinary taxable distribution.  Now, what process do I go through to capture the re-characterization of this $25k into Turbotax so it can calculate my Federal Taxes excluding the $25k distribution? Please help?    

1 reply

Employee
April 13, 2018

See dmertz's answer below for reference.

 

Recharacterization of IRA to Roth Conversion

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"