Solved
Recharacterization of rollover from ESOP to Roth IRA?
In 2021 I did a direct rollover from an Employee Stock Option Plan into a Roth IRA. The 1099-R I received lists the same amount for my Gross Distribution and Taxable Amount. While doing my taxes, it now shows that I owe federal and state taxes, presumably from the rollover into the Roth IRA.
Is there a way that I can rollover that money, which apparently has not already been taxed, from my Roth IRA into a new or existing Traditional IRA in order to avoid the current taxes I'm facing? (recharacterization or otherwise?)
