@DanaB27
Thank you! I have another burning question please and I think I’m finally getting there. Everything is making a lot of sense with these examples. For tax return 2020, we accidentally entered our 1099–R amount (let’s say $3200) as our after tax contributions instead of the actual amount contributed from her bank. Then we also had the recharacterization of $2000 we have been talking about. So when we amend 2020:
$3000 was contributed directly to traditional and converted to Roth instantly in 2020
$2000 was recharacterized in 2021 for year 2020
So when we amend 2020, do I change the $3200 to $3000, or change it to $5000 to include the recharacterization?
Then I understand I am putting the $2000 as end of year basis for year 2020. Is this correct?
Thank you!
