I opened a Roth IRA in Dec, 2015. My IRA custodian transferred "in-kind" securities from my Traditional IRA to fund my newly created Roth IRA. The value of the newly created Roth IRA has decreased 15%. I recharacterized ( trustee-to-trustee) the "in-kind" securities back to the original Traditional IRA in March, 2016. I received 1099-R from the custodian for the Traditional -> Roth which shows the $$ amount and reports it as taxable. How do I handle this with TurboTax? I don't expect any more forms from the trustee until after April 15th. Should I just delete the 1099-R form which reports the Traditional-to-ROTH? Or file an extension? Or what?
