Would appreciate some help with understanding my 8606 in this situation. Thank you in advance.
To summarize:
Contributed $4200 to Roth IRA in 2025
Realized would be over income for direct Roth contribution, so I recharacterized Roth to Trad ($4410.63, $210.63 from growth).
Contributed remaining $2800 to TRAD to hit IRS limit of $7000 for 2025.
Backdoor Roth converted full amount ($7304.45 at the time).
When I look at my 8606 generated by turbo tax on line 1: "Enter your nondeductible contributions to traditional IRAs for 2025, including those made for 2025 from January 1, 2026, through April 15, 2026. See instructions".
I see a total of $11,441. This seems like it's adding my recharacterization amount 4.4k to the 7k I converted. In total I've only contributed 7k this year, so I would expect a number around this range. Is this correct value that should be in this field?
In addition, on line 14 (your total basis in trad iras for 2025 and earlier years) I see a basis of $4107. Shouldn't this be 0? I no longer have any money in my traditional ira.
