All Things Tax

All Things Tax

Like the title says, from the filing process and tax questions to tax policy and reform, you can search and share All Things Tax here. This is the place to find answers to all your general questions that don't fall under the other categories. And just a reminder: questions about software or online filing should be posted in DIY Products.

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Valued Pioneer
Posts: 3
Registered: ‎08-30-2017

Can't recharacterize my Roth

Last year (2016) I converted a Vanguard Traditional IRA to a new Roth.  This year I had them recharacterize $10,000.  My 2016 1099-R only shows the conversion.  Vanguard says next year I will get a 1099 showing a N in box 7 (recharacterization for a prior year).  I don't want to wait till then, I want to show the recharacterization when I file this year, to reduce 2016 income. 

 

How should I proceed?

 

Thanks in advance

puttster

Valued Pioneer
Posts: 3
Registered: ‎08-30-2017

Re: Can't recharacterize my Roth

Is this something that Tax  Cut Basic can handle?  How?