Thank you DanaB27 for quick and detail reply.
"No, this isn't a problem if you requested the recharacterization of the excess amount but less got transferred because of a loss. "
- Assuming there were no gains (even interest) and losses in the Roth account since beginning of 2023, our recharacterization would have been $6500 for 2023 and $8000 for 2024. But there were not enough funds in the account at end of 2023. Not even $1000 allowed out of $7500. Isn't that an issue?
There's a form 5498 in which account value is mentioned. For some reason, I have this form for only 2016 for both accounts and 2022 for wife's account.
I double checked at both brokers and it is not available for 2023 at either.
