The question asks: Enter your total Roth IRA contributions for 2020, even if you transferred, or 'recharacterized,' some or all of it to a traditional IRA.
Clarification needed: does this apply only to 'recharacterized' contributions or should it include conversions as well (such as a backdoor traditional IRA to Roth)? I.E. would I enter $600 or $6000 given the details below?
My situation:
So in total I contributed exactly $6,000 to all my IRAs in 2020, but only $600 was direct, and $5400 was converted. So which number do I put on that screen? I believe it should be just the $600 otherwise it tells me that I exceeded the allowable contribution (due to MAGI being too high) which is exactly what I was trying to avoid with the backdoor conversion.
(Side note: my 1040 preview shows me being taxed on the $700 growth of the traditional prior to the conversion, as I would expect)