DanaB27
Expert Alumni

Get your taxes done using TurboTax

No, you can ignore Form 1099-R with code R it will do nothing to your 2021 return and you reported the recharacterization already on your 2021 tax return. You do not need to amend your 2021 tax return.

 

Yes, your earnings will be taxable on your 2022 tax return.  All your information looks great.

 

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