DanaB27
Expert Alumni

Get your taxes done using TurboTax

Yes, you can ignore the 2020 1099-R with the code R since you have already reported the the recharacterization correctly on your 2019 return.

 

A 2020 1099-R belongs on your 2019 tax return.  But a 1099-R with code R will do nothing to your return. You can only report the recharacterization as DianeW777 mentioned in the IRA contribution section by answering yes to "Did you switch from a Roth to a Traditional IRA - recharacterize".

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