I see. If I understand you correctly, it doesn't really matter how much loss I had when I recharacterized the $6000 from roth to traditional IRA. Since the market loss quite a bit of value last year. The actual basis calculates the amount when I converted from traditional to roth ira as it became a realized loss. Hence I had balance left by the end of December 2022. Which it will carry over to my next tax year to deduct?
@DanaB27
