Mustapha Ratib
Level 4
02-15-2024
08:25 PM
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Hi All,
I need help with working on Recharacterized contributions for one of my clients. if anyone that can help I am willing to pay for his or her fees for doing this please let me know if you can help with this process asap, I would appreciate it.
Case: The Taxpayer is using the Backdoor Roth IRA. He contributes to Nondeductible Traditional IRA then he converts it to a Roth IRA. I got 5498 Form that shows Recharacterized contribution amount $6,000 and then another 5498 form that shows Roth IRA conversion with the same amount $6,000. So, I need to know how the process this transaction in Professional Proseries.
Regards
Mustapha
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