Thanks for the input and your patience DanaB27.
I added 6000 for my recharacterization as outstanding and it changed the 8606 a bit and also the taxable part. However, I am not sure why my recharacterization would affect the taxable income at all. The entire deductible contribution to T-IRA should have been taxable when i converted it to Roth in 2020. And this recharacterization was for 2020 contribution so it should have no tax impact as this was a non deductible contribution anyway.
Here is what the 8606 is showing now:
Line 1-6000
Line 2- 6000
Line 5-12000
Line 6-12- blank. Line 10 has 'x' on it.
Line 13- 7907 * - not sure how it calculated this based on adding outstanding recharacterization amount.
Line 14- 4093
Line 15a- 0
Line 16-11590 - which is what i converted to Roth on 2/3/20 (for 2018 and 2019 contributions) before contribution to 2020 Roth in Mar 2020.
Line 17- 7907
Line 18- 3683
These numbers are not making sense to me. I should have a taxable amount of 5590 for the deductible IRA conversion to Roth on line 18.
Thanks again for your help. Appreciate what you do on this forum.
