Highbeam
Dryer sheet wannabe
Folks, I'm a little bit unsure of what to do. I recharacterized my 2015 Roth into a 2015 TIRA. Did my taxes and discovered that I made too much for a TIRA so I went back recently and recharacterized the 2015 TIRA back to a 2015 Roth. All with vanguard and for the full 11000 that my family is allowed.
I realize that some part of these recharacterizations is "reportable" to the IRS. In the end, the net effect of them was zero but I don't want to trigger an audit.
I was provided with 1099 forms for the first recharacterization and maybe for the second recharacterization will come soon.
I use turbotax and nothing is mentioned about this. What do I do?
I realize that some part of these recharacterizations is "reportable" to the IRS. In the end, the net effect of them was zero but I don't want to trigger an audit.
I was provided with 1099 forms for the first recharacterization and maybe for the second recharacterization will come soon.
I use turbotax and nothing is mentioned about this. What do I do?