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Retirement tax questions
No, when TurboTax asks about the amount recharacterized you only enter the contribution amount, in your case the $7,000. The earnings are only entered on the explanation statement. The trustee might have been confused because you move the contribution and earnings to the Roth IRA.
It seems that you fixed the issue and therefore no longer have an excess contribution. Therefore, you can ignore the withdrawal instructions.
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‎April 25, 2021
5:20 AM