734566
You will pay taxes on the $7000 that was left in the Roth IRA after the recharacterization of $9000.
As you enter the information in TurboTax, pay close attention to the question regarding the amount for the recharacterization. It is asking for the amount that was left in the Roth IRA ($7000 in your case), not the amount that was put back into the Traditional IRA.
I did follow the guidance, but it delete whole 1099-R form, instead of showing 7000 which I converted.
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You will pay taxes on the $7000 that was left in the Roth IRA after the recharacterization of $9000.
As you enter the information in TurboTax, pay close attention to the question regarding the amount for the recharacterization. It is asking for the amount that was left in the Roth IRA ($7000 in your case), not the amount that was put back into the Traditional IRA.
You will pay taxes on the $7000 that was left in the Roth IRA after the recharacterization of $9000.
As you enter the information in TurboTax, pay close attention to the question regarding the amount for the recharacterization. It is asking for the amount that was left in the Roth IRA ($7000 in your case), not the amount that was put back into the Traditional IRA.
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