If a Roth IRA contribution is recharacterized as a traditional IRA contribution, does the traditional IRA contribution section also need to reflect this amount?

[fitzpatrickegna]

The IRA contribution section in Turbotax asks if contributions were made to both traditional and Roth IRAs. If a Roth IRA contribution was recharacterized as a traditional IRA contribution, then should the box for traditional IRA be left blank?

[fanfare]

recharacterization: the original amount to the first IRA you report as contribution to the second IRA, earnings move but are ignored.
You must use a trustee-to-trustee transfer.
report this on your tax return for the year during which the contribution was made.

@fitzpatrickegna 

[DanaB27]

Yes, you do not check the box next to traditional IRA. You will enter the recharacterization when you enter the contribution to the Roth IRA for 2023:

1. Login to your TurboTax Account 
2. Click on "Search" on the top right and type “IRA contributions” 
3. Click on “Jump to IRA contributions"
4. Select “Roth IRA”
5. Answer ‘Yes” on the “Roth IRA Contribution” screen
6. Answer “No” to “Is This a Repayment of a Retirement Distribution
7. Enter the Roth contribution amount 
8. Answer “Yes” to the recharacterized question on the “Switch from a Roth To a Traditional IRA?” screen and enter the contribution amount (no earnings or losses) on the next screen.
9. TurboTax will ask for an explanation statement where it should be stated that the original $xxx.xx plus $xxx.xx earnings (or loss) were recharacterized.
10. On the screen "Choose Not to Deduct IRA Contributions" answer "Yes" if you are thinking about doing a backdoor Roth. Otherwise select "No". (If you have a retirement plan at work and are over the income limit it will be nondeductible automatically and you only get a warning and then a screen saying $0 is deductible)