Tag: Recharacterized
Recharacterized within the Identical 12 months
[Updated on January 29, 2025 with updated screenshots from H&R Block Deluxe desktop software for the 2024 tax year.] You will have contributed to a Roth IRA after which realized later within the 12 months that you’d exceed the earnings restrict. You recharacterized the Roth IRA contribution as a Conventional IRA contribution and transformed it