Hi, @dmertz,
I have a similar issue that touches on your explanation and I'm hoping you could help me out.
I created a Traditional IRA account in 2023 and deposited $3000 of post tax money into it. Later same year, I converted the account to my roth ira. It appears they actually did a conversation rather than recharacterization because on 1099R they sent me, the code is "2" instead of what I assume should be "N". As a result, TurboTax wants to use he entire distribution as taxable income including the gain ($3500) rather than just $500 gain. Is there a way to fix this? How do I enter it in TurboTax? (I did not see form 8606 in my brokerage tax documents)
