Okay. Thanks, @dmertz ,for the explanation. This is helpful. I need another help in dealing with the tool.
Turbotax is also asking me if I contributed to IRAs this year and if yes then to which Traditional or Roth? What should I say? Consider the following situations for me and my spouse we did two different things.:
- My: Contributed initially max till limit to Roth --> Then recharacterized to Traditional --> Then did Roth conversion for the entire amount
- My Spouse: Contributed initially to some things to Roth --> Then recharaterized it to Traditional and added remanining allowable contribution to Traditional directly --> Then did Roth conversion for the entire amount.
