Hi, I found another way around this problem. When entering the 1099-R data (or after importing it) in Box 7, I added code “N-Recharacterized IRA contribution made for
2014 and recharacterized in 2014”. This step took the amount out of the taxable category. I'm going with this solution, although the form from the financial firm did not have the Box N checked, that is what actually happened, so I can defend it.
But after seeing the response from 2020hindsight, I went back and followed the original instructions from TurboTaxForrest. That worked, but it took a while to find a problem which was on the page "Tell us the Value of Your Traditional IRA". All three values on that page have to be zero.
