Backdoor roth with recharacterization and conversion

[yanshen43]

I have a question for filling backdoor Roth IRA with recharacterization and conversion. 

so in

Jan 2021, transferred $6k from traditional IRA to RothIRA towards 2020

Feb2021, transferred $6k from own account to Roth IRA directly. 

Then I realized I should transfer $$ from traditional IRA not other account. 

so on Feb2021, I transferred $5900 (investment loss) from RothIRA  back to Traditional IRA. 

Then on Feb2021, I transferred $5900 from traditional IRA to RothIRA. 

Now I received two 1099R

1099R traditional  $5900, code X, in the form 5498, it shows Recharacterized contributions $5900

1099R Roth $11900 code 2, in the form 5498, it says Roth IRA conversion amount $11900,  Roth IRA contributions $6000

In this case, in Turbotax, I entered those answers, could you please help me check if it's correct? 

Enter the amount that I put into a traditional IRA for 2021?  $5900

how much of the $5900 contributed to Traditional IRA did you recharacterize to Roth ? $5900

IRA explanation statement

Any Excess IRA Contributions Before 2021? no

Any Nondeductible Contributions to the IRA? yes. made and tracked nondeductible contributions to IRA

Let's Find Your IRA Basis:  0. (not sure if it's $6000 or 0, but I don't have form 8606)

Do I need to select "contribute to Roth in 2021" in this case?

Enter Your Roth IRA Contributions:  $6000 (not sure if I have contributions or not if excluding $5900)

how much of the $6000 contributed to Roth IRA did you recharacterize to traditional IRA: 5900

 IRA explanation statement

Then it shows I have a penalty..

Contribution withdraw before due: ?? no idea here

Thank you!

[GeorgeM777]

Before responding to your last paragraph in which you discuss your Roth IRA contribution of $6,000, let's review your comment regarding your non-deductible IRA contribution.  You indicated that you had selected "yes" in response to the question whether you had effected any non-deductible IRA contributions.  However, you also indicated that you do not have Form 8606 which is the form that tracks non-deductible contributions.  While you may not have Form 8606, you can determine without that form whether you had made any non-deductible contributions by reviewing your prior year tax return.  

Your prior year tax return (or any tax year in which you know you made an IRA contribution) will show, assuming you made an IRA contribution, whether that IRA contribution was deductible or not.  For example, if you made an IRA contribution in the amount of $6,000 in 2020, and that contribution allowed you to deduct $6,000 on your return, then that IRA contribution was a deductible contribution.  If the opposite was true, in that you made the $6,000 IRA contribution, but for whatever reason (you have a retirement plan with your employer) you could not deduct this amount on your return, then such a contribution would be a non-deductible contribution.  

Review your prior year(s) tax returns and try to determine whether any IRA contributions were non-deductible.  Knowing which ones were non-deductible will help in deciding whether any of the money withdrawn from your traditional IRA is taxable.  As a reminder, when following-up with another post, do not include personal identifiable information.