Client converted $15,000 to a Roth from traditional IRA. 1099-R show the $15,000 with code 7. He realized he was over the $100,000 in income so he couldn't convert. In October 07, he reversed the transaction(recharacterize). So he get another 1099-R with code N for recharacterization. This 1099-R has box 1, $15000, box 2 has zero taxable, and code N.
How do I input the recharacterization 1099-R into ATX? ATX does not back out the $15000.
Any advice would be appreciated.