@DanaB27
Hi, I just wanted to follow up with a question. After absorbing all the information and taking a little break, we were curious about the recharacterization input. In 2020 my wife contributed $2500 accidentally to Roth, this amount grew to $3100 over the course of the year. In 2021, it looks like we recharacterized this $3100 according to the 2021 5498.
Of the $3100, $2500 was cash deposit and the remaining $600 was gains in the market. When we amend 2020, do we put our $2500 cash contribution as the recharacterized amount, or the $3100?
Also, the end of year basis for 2020 would be $2500 correct?
Thank you!
