Thanks macuser_22.
Just to clarify on what you wrote: by IRA contribution I assume you mean traditional IRA right?
"The proper way to report the recharacterization and earnings which is to enter the IRA contribution in the IRA contribution interview section and then say yes to "Did you switch from a Roth to a Traditional IRA - recharacterize"."
I just went to the trad IRA interview (with the Roth IRA stuff deleted), and here was what happened
- Did you Contribute To a Traditional IRA?
- I selected Yes (although I actually didn't do it directly, it was all through the Roth recharacterization)
- Is This a Repayment of a Retirement Distribution?
- No
- Tell Us How Much You Contributed, I entered 6000
- There is a Note saying "Do not enter any of the following here"
- Roth contributions (even if you latter recharaterized them to a traditional IRA)
- Rollovers
- Did You Change Your Mind? This is opposite to what you were saying above
- It is however asking "Tell us if you switched, or recharcteriezed any of the 6000 traditions IRA contribution for 2020 over to a Roth IRA contribution"
