Thank you very much for your detailed explanation.
I did report the recharacterization in 2020 but Form 8606 box 1 is $6000, and form 14 is also $6000.
My received 1099-R with code R is ($6000 + $1946). I guess that I still need to amend 2020 tax?
Questions:
1) Do I have to do the 2020 amendment first then 2021 return? Certainly don't want to do 2021 return now, do 2020 amendment later, then find I have to do 2021 amendement again :(.
With regard to filling Turbotax, your reply has three parts (part 1 for 2020, part 2 for 2021 recharacterization, part 3 for 2022 conversion.)
1) Following part 1, I will amend 2020 tax return for the 1099-R with code "R", where I have ($6000 + $1946). If everything goes well, the correct 8606 line 14 should have number ($6000 + $1946)
2)
a) Following part 2, in 2021 tax return, I will enter the nondeductible contribution to traditional IRA in 2021, which is $6000
b) Following part 2, in 2021 tax return, I do nothing with the 2020 recharacterized money, which is $6000 + $1946 + ~$29 increase. Should this also be in 2020 amendment?
3) My 1099-R conversion (code 2 ) reported value of $13975 ($7975 + $6000) . I should follow your part 2 to fill 2021 tax return, and report $6000 only, or report $13975?
Thank you
