So. Under wage and income, retirement plans and ss, Ira ... withdrawals. From here it shows the small RMD Ireceived for 2020. It goes on to ask about my non deductible contributions and basis in my iras which I enter. It asks for me to enter the value of my iras as of the end of 2020. (The total trad. Ira value is needed to figure how much of my distribution is taxable on form 8606.)
It was here my original question was whether my Roth recharacterization to a trad Ira should be included when I add up my trad iras. I am thinking not. It also asks about outstanding recharacterizations , I assume this means a recharacterization of an Ira to a Roth,because on the next screen entitled “explain you recharacterization “ it asks about giving the details of a recharacterization to a Roth.
My 8606 form looks fine filled out by TurboTax. It even shows the proper amount for the amount of the Ira distribution that is not taxable based on what I entered for my year end trad Ira value.
without putting something in this explanation of recharacterization of a Roth , which never happened ,I cannot get past the final review. I must have entered something incorrectly somewhere but I have not yet found it. The tax forms TurboTax has filled out all look fine when I manually check them.
