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what year is recharacterization taxed?

 

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Subject Author Date
what year is recharacterization taxed? rick++ 01-02-2008
Posted by rick++ on January 2, 2008, 11:36 am
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I recharacterized a 2006 Roth contribution in early 2007.
Turbo Tax spits out a tax form on the earnings portion of the
recharacterization applied to 2007. Is this the correct year?

Side question: should this earnings part be added to the
8605 bassis then, since it was already taxed?

(Beware of IRA hell!)

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