Recharacterization software
Recharacterized $ from Roth back to IRA. Was using TaxHawk. Requires a hard copy return mail in for this. Does not calc the income reduction for the rechar. What software(s) allow this to completed and filed online?
Recharacterized $ from Roth back to IRA. Was using TaxHawk. Requires a hard copy return mail in for this. Does not calc the income reduction for the rechar. What software(s) allow this to completed and filed online?
Permalink Submitted by Alan - IRA critic on Wed, 2016-04-13 18:53
Most all of the major programs support e filed recharacterizations and explanatory statements. For some of them you may have to create a dummy 1099R if you recharacterized a 2015 conversion or regular Roth contribution this year and therefore the 1099R for the recharacterization will not be issued till next January. But you have the numbers to create a dummy 1099R if your program requires one.
Permalink Submitted by Michael Flannery on Sat, 2016-04-16 04:07
Turbo Tax does it all with no hard copy needed