Yes, you will enter $2,203 as converted. The $203 seems to be a gain.
Yes, when you enter the recharacterization you will only enter the contributed $1,000 when TurboTax asks “how much of the $1000 contributed to Roth did you recharacterize to traditional”.
You do not need to enter the form 1099-R with code R for the recharacterization. A 1099-R with code R will do nothing to your return. You can only report it as mentioned in my first reply. Therefore, you can ignore the 1099-R with code R.
Yes, since you had an outstanding recharacterization you will enter the $1,000 under “Outstanding Recharacterizations”.
@dhuynh44
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