DanaB27
Expert Alumni

Get your taxes done using TurboTax

No, you can go ahead and enter your $6,000 basis (nondeductible contribution from the recharacterization) on this screen.

 

Yes, when you file your 2020 amended return to report the recharacterization and make it nondeductible then TurboTax will create the 2020 Form 8606 with a $6,000 basis on line 14.

 

@kenchadetta

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