@DanaB27
Thanks for the quick response. I am not trying to challenge any of the information you are giving, just simply trying to understand these questions, they seem a little confusing (to me at least). The quotes below are from the help and explanations sections:
"2. An annual contribution to a Roth IRA can be recharacterized as a traditional IRA contribution. The recharacterization must be for the same year the contribution was made. Also included in the transaction is any earnings attributable to the contribution while it was in the Roth IRA. The total of your contribution and the earnings attributable to your contribution is referred to as the amount "transferred."
"In a recharacterization, there is an amount recharacterized and an amount transferred. It is important to understand the difference. The amount recharacterized represents the original amount contributed and does not include any earnings or losses incurred after the original contribution. The amount transferred is the amount recharacterized plus any earnings or minus any losses incurred after the original contribution. Refer to these examples."
The question "Tell Us How Much You Transferred of this $1000" is confusing because it is using the word transferred. So when you saying I should enter $1000 here, is there anywhere on these questions or 1098 that I actually input the $1317 ($1000 contributed + $317 gains)?
Thank you
