What is the code in box 7 of the Form 1099-R and what amounts are in boxes 1 and 2a? If should be $7,301 in box 1, $0 in box 2a and code R in box 7.
Because the recharacterization could have been done after you filed your 2021 tax return, TurboTax is simply reminding you that this recharacterization should be reflected on Form 8606 of your 2021 tax return as a $7,000 nondeductible traditional IRA contribution. If that's already present, there is no need to amend.
