My question is very similar to this question, but instead of indexing by $\mathbb N$ I am indexing by $\mathbb Z$.
Consider the shift operator $T : \ell^1(\mathbb Z) \to \ell^1(\mathbb Z) $ given by $$T(...,x_{-1},x_0,x_{1},... )=(...,x_{-2},x_{-1},x_0,...)$$ that is, the operator that shifts elements one to the right.
Does there exist $R : \ell^1(\mathbb Z) \to \ell^1(\mathbb Z) $ such that $R^2=T$?
Since $\ker T=0$ the proof from the post I linked to no longer works, but the intuition of the poster still remains.