@DanaB27
Thanks for the information. I think I know where I have been confused. I think this is what I need to input. As for my example:
$1000 contributed to Roth in 2020
$1317 was recharacterized in 2021 for 2020 ($1000 contributed + $317 gain)
Under "Wages and Income" under Outstanding Recharacterizations I will put $1000
Under "Deductions and Credits" under "Enter your Roth IRA contributions" for 2020, I will enter $1000
On the next screen it asks "Tell Us How Much You Transferred of this $1000" I will put $1317
Is this correct?
Also under the "more information" or "examples" tab it says I should to enter my 1099-R from 2021 for tax year 2020 showing my recharacterization, however you stated I do not have to. Do I need to put this 1099-R on my amended 2020 return even though it doesn't get reported?
Thank you!
