(I read a few related posts on this community but the scenarios don't exactly match mine).
Details:
(1) Made Roth contribution of $6000 for 2022 in 2022
(2) In Jan 2023, I realized that I couldn't contribute to Roth contribution due to the income limit. In Jan 2023, I recharacterized the contribution including the loss to traditional IRA. The total amount $4800. (loss of $1200). The recharacterization was reported on 8606 for tax year 2022. The $4800 was converted to Roth IRA right away so I have 0 balance in traditional IRA
(3) In Feb 2023, I contributed $6500 for tax year 2023 to traditional IRA and converted to IRA right away.
(4) In Feb 2024, I received two 1099-R.
(a) Traditional IRA: $11300 ($4800 TY2022 + $6500 TY2023) with Distribution code 2
(b) Roth IRA $4800 with Distribution code R
Question: I'm in the process to enter $6500 non deductible IRA contribution for TY 2023. I have zero balance in my traditional IRA on Dec 31, 2022. But I put 0 instead of $6000 (see screen capture), the $6000 contributed in 2022 becomes taxable. It is not right because the $6000 is not-deductible IRA for year 2022. What went wrong? Any recommendation on how file properly on TT.
