Thanks for the reply and information. I took a look at my 2018 return and found a potential mistake. I filed an 8606 for this transaction but think I did so incorrectly. On my 2018 8606 form, I have the following:
- Line 1: 2500 (this was the amount of the original Roth contribution that was recharacterized to Traditional + 113.34 in earnings)
- Line 2: 0
- Line 3: 2500
- Line 14: 2500
- All other lines are blank
I also added a 1040 statement on my 2018 return for line 4a of the following:
- Date of the Original Contribution: 1/30/2019
- Date of the Recharacterization: 4/1/2019
- The Amount Recharacterized: $2500.
- The Amount Transferred (Recharacterization plus earnings or losses): $2613.34
- Reason for the Recharacterization: Excess contribution due to unexpected income
Correct me if I am wrong, but I believe I need to amend my 2018 8606 to include 2500 on line 4 (as the recharacterized amount would be my 2500 contribution from 1/30/2019), and then attach the 1099-R from my Roth (distribution code R) to the amended return? If that's the case, do I need to include this 1099-R anywhere in my 2019 taxes, or do I only need the other one (with distribution code 02)?
