Looking through some similar post:
https://ttlc.intuit.com/community/retirement/discussion/roth-ira-2020-contribution-recharacterized-a...
Seems similar situation in which exceed in 2020 and recharacterize in 2021. I am exceeding in 2023 and recharacterize in 2024.
In 2022, that person get 1099-R for the 2021 recharacterizing of prior 2020 contribution.
However, person reported the recharacterization in his 2020 tax return (etc before he got the 1099-R things in 2022).
So reading from his post, seems I don't need to wait for the 1099-R forms? Can just report the recharacterization now in my return?
The thing I am unsure about is whether report recharacterization now or amend later.
Recharacterizing a prior year contribution is a little bit confusing on how to report.
Hope some expert can clarify.
