Basis in an IRA means that you had nondeductible/after-tax contribution in the account.
Yes, you had a basis in your 2020 accounts because you stated "Recharacterize excess 2020 Roth contributions to newly created Non-Deductible Traditional IRAs". The recharacterization has to be entered on your 2020 tax return despite it happening in 2021. Also, you stated that line 14 (basis) on Form 8606 had the recharacterized amount. Therefore, you seemed to have entered it correctly (as long as you didn't have any other nondeductible contributions in any of your IRAs).
Yes, you will have to enter the amount you recharacterized from Roth to traditional IRA under "Outstanding Recharacterizations" on the "Tell Us the Value of Your Traditional IRA" screen.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
