Background:
1. in 2020 Sep I moved 6k (from checking account) to Roth IRA
2. when later I realized I wasn't eligible to contribute anything, there was already about 1500 income
3. I contacted fidelity, they did a recharacterization on the entire 6k contribution, and distributed overall 7500 into my newly opened traditional IRA account
4. Immediately after, they helped backdoor convert all that 7500 into my roth ira
Question:
On line 8 of the form 8606, what is the net amount converted ? I'm almost sure it is 7500, but would like confirmation or correction from experts here.
Btw, I understand on line 1 of 8606, the amount I enter should be 6k.
Thanks so much in advance.
