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Retirement tax questions
Your example was for a Roth to Traditional but mine was actually a Traditional to Roth. But I think the process is similar and consistent with my understanding and the form 8606 instructions. The attached explanation statement is how the recharacterization is reported and the 1099-R can be ignored.
I believe Turbotax's examples are incorrect. When you get to "Tell us how much you transferred" and click on "Examples", there are a number of examples that contradict this. For instance one example talks about entering the numbers for a 2023 1099-R that you haven't even received on your 2022 taxes. And then reporting it as a 2023 form even though there isn't a way to do that.
"Although Robert did not receive a Form 1099-R before he files his 2022 tax return, he must report the recharacterization transaction on his 2022 return. Robert enters a Form 1099-R even though he did not actually receive one. He only needs to enter the payer information, the amount transferred ($2,750) in box 1, and code "R" in box 7. He must then indicate that the 1099-R is a 2023 form."