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Get your taxes done using TurboTax
What was the "original" 1099-R for?
Re-characterizing your contribution means re-classifying the contribution as if it were a traditional IRA instead of a Roth. This must be done before the due date of your return.
If you recharacterize a Roth contribution made in 2021, it must have done before April 15, 2022.
If the characterization was made during 2021, you would receive a 1099_r for tax year 2021 with code N in box 7.
If the recharacterization took place in 2022 but before April 15, 2022, you would receive a 1099-R for tax year 2022 in January 2023 with code R in box 7.
So in both cases, there is no original 1099-R as you mentioned.
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‎February 28, 2023
9:01 AM