MinhT1
Expert Alumni

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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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