@DanaB27 Thank you for the detailed information. I have a similar case that will affect my 2021 return. In early 2021, I mistakenly contributed $6k to a Roth for year 2021, now I have earnings on that Roth contribution. Since I will exceed the income limit for a Roth contribution, I plan to recharacterize the $6k + earnings to a tIRA and then immediately do a backdoor IRA, all in 2021. Now, is the amount that is moved back to the Roth IRA (in the backdoor process) equal to the $6k plus earnings regardless of the taxes that will be paid on the earnings from the recharacterization or is it the $6k plus earnings minus taxes? And, what would be the steps in TurboTax to enter the information for these transactions?
Thanks,
