As I was completing my 2019 tax return, I found out I had contributed too much to my Roth IRA due to a higher MAGI. I was able to recharacterize with my broker in 2020 prior to filing but do not yet have any form from them (1099-R or other).
As I am entering the contributions into TurboTax it is unclear whether I should report the amount recharacterized (2580) initially as a traditional IRA contribution with the remainder (3420) as my Roth contribution, or enter the full 6000 as a Roth contribution with 2580 being recharacterized.
It would appear that I should do it the latter way; however, it is still telling me I have an excess contribution unless I state that I withdrew that much of the contribution, which is not the case (all of that money still remains in my IRA)
I can work the math to get it to say I have no excess contribution but am worried it will be reported incorrectly.
