I contribute $200/month into a Roth IRA. This year, my wife and I made too much and have an excess contribution. I'm trying to recharacterize this and am not sure how to fill this out in Turbo Tax Deluxe. The first thing I did was go to my TIAA account and did the recharacterization for $2400. I put into Turbo tax that all $2400 has been recharacterized and now I'm on the section that asks me to fill out the date of contribution, date of recharacterization, reason and total amount, including earnings and losses. I'm not sure how to account for the monthly contribution in the date section and now it would appear I need to go back and recharacterize more because overall, that account grew in value throughout 2020. How do I calculate this change in value for each month on a contribution of $200 in an account that has $50,000 in value.
