RobertB4444
Expert Alumni

Get your taxes done using TurboTax

In this fun situation it will depend on what year the brokerage characterizes it.  They're going to issue you a 1099-R for the withdrawal.  If they issue it for 2023 then you need to get it on the 2023 return.  If 2024, then 2024.

 

Yes, the rules are the same for any recharacterization from a tax deferred account to a Roth.

 

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