luckyme
Familiar Member
Joined: Dec 28, 2010 14:05:59 GMT -5
Posts: 826
|
Post by luckyme on Mar 1, 2015 15:42:32 GMT -5
I did the free efile for our tax return.
Not complicated, BUT, when I transferred an IRA this past summer, I thought it went from traditional to tranditional, as that is what DH told me right before I filed the taxes.
However, just found out he was looking at the wrong account and it actually went into a Roth IRA, so now it is a conversion.
I want to recharacterize it, as it does affect the kids financial aid; is treated as income.
So do we do an amended and treat as conversion, THEN do a recharacterization? Or does the recharacterization become the amended tax return?
Also, any clue on how this affects the FAFSA?
Or if anyone has better advice, all would be welcome.
|
|