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Am I correct that a 1099-R received in Jan 2022 for a Roth recharacterization made in Feb 2021 and on my 2020 tax return is left off my 2021 return?

Forum|Forum|4 years ago
February 23, 2022
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Part of my Roth contribution for 2020 was recharacterized to a non-deductible IRA.
The recharacterization was dealt with on my 2020 tax return so I believe there is no need to enter the 1099-R into Turbotax for the 2021 tax year.

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Best answer by DanaB27

That is correct you do not need to enter the 1099-R with code R on your 2021 tax return since you reported the recharacterizations already on your 2020 return.

D

DanaB27Answer

That is correct you do not need to enter the 1099-R with code R on your 2021 tax return since you reported the recharacterizations already on your 2020 return.

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