I disagree about not entering the 1099-R. Yes, the recharacterization was reported on the 2022 return and will not appear on the 2023 return. But the 2023 1099-R data still needs to be entered in the software. The IRS will get a copy of that form and will expect it to be attached to the return. If it is not there alamoclark might get a CP2000 in a couple of years. I say "might" because the box 2a taxable amount shows as $0 and so might not be an issue. But even if the IRS ignores it, nobody knows in advance that they will.Katietsu wrote: ↑Thu Jan 18, 2024 8:45 pm All that is to say that Turbotax is right, this particular 1099-R with a box 7 code R will only be reported on your 2022 return. It will not be reported on your 2023 return and it will not be sent to the IRS with your 2023 return. I would not have entered it into the 2023 software myself but it is good to see that Turbotax responded appropriately.
Enter the two 2023 1099-Rs into the income section. The first for the Roth IRA recharacterization to the TIRA which affected 2022 but happened in 2023 and the second for the 2023 TIRA to Roth IRA conversion. Then in the deduction section check both the TIRA and Roth IRA boxes, since you do own both. Mine starts with the TIRA so answer the questions in a way that shows you contributed $6,500 (or whatever) to the 2023 TIRA, it was non-deductible, and that you converted $??? to the Roth IRA. See what happens. If it gives you fits go back and uncheck the Roth IRA box and see what happens.alamoclark wrote: ↑Mon Jan 22, 2024 12:28 pm In that light, should I just go ahead and answer the questions for my 2023 taxes as if I made a traditional IRA contribution only (and then converted it to roth), ignoring the 2022 roth contribtions that i recharacterized in 2023 before I filed--for example, NOT checking the Roth IRA box on the first prompt for traditional IRA and Roth IRA in the deductions & credits section of TT?
It's too bad you are doing this using the online version because you can't see your actual forms so you don't really know what they show. Can you see the forms after you pay and before you file the return so you can make corrections then?