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Correct, it is not taxable.
Since you recharacterized a 2018 contribution, you should have included an explanatory statement with your 2018 return regarding the recharacterization. That’s the only way the IRS would know what you did until this month when they receive the same 1099R that you did, and in May when they receive a 5498 from the TIRA custodian showing receipt of a recharacterized contribution. If you did not include that explanatory statement, don’t worry about it now since the 1099R has been issued.
None of this is reported on your 2019 return because it does not apply to 2019 as evidenced by the R code.
That said, you should still enter this 1099R into Ttax because the program includes tracking your Roth IRA basis, and the recharacterization reduced your Roth IRA basis by eliminating the Roth contribution. If you knew that you were not going to use Ttax for 2020, then there would be no need to even enter this 1099R into TTax for 2019.