Question

How exactly do I refile after a recharacterization from Roth to Traditional?

Forum|Forum|4 years ago
October 10, 2021
1 reply
0 views

I filed my taxes for a max contribution to a Roth IRA. I then discovered after some bonuses that I was over the max allowable Roth limit. I have recharacterized to a traditional but now need to refile. I've read a ton on the IRS website but am still confused as to how to go about this, exactly what I am required to file?

Thanks.

Critter-3

When you amend the return you will remove the ROTH contribution you entered and enter a traditional IRA contribution instead ... then follow the interview screens to indicate if you want any or all of it to be a non deductible contribution. Doing this will populate the form 8606.