The amount of contribution to be recharacterized (the unadjusted amount) must be less than or equal to the amount contributed, the amount that must be transferred to effect that recharacterization might not be. Unless there was no gain or loss, the amount that must be transferred will be greater or less than the amount recharacterized. When TurboTax asks how much was recharacterized, TurboTax is not asking how much was transferred.
