kmsmith1
Level 2

I have a client that in 2019 made Roth IRA contributions of $6k.  However, the client was over the income threshold.  On 6/3/2020, before filing 2019 taxes, the client recharacterized the Roth contribution to Traditional IRA to correct the Roth contribution.  On 6/5/2020, the traditional IRA was converted to Roth IRA as a backdoor Roth IRA.  Both transactions were completed before the tax filing date of 7/15/2020.

For 2020, the taxpayer contributed $6k to the Roth IRA and was not above the income threshold.  How should this be reported in ProSeries Basic for tax year 2020?

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