@fanfare
Thanks for actually responding to me. So yes the recharacterizations don’t cause any tax burden, however since I did them in 2021 for previous year 2020 it created an outstanding basis, which I guess does get taxed.
my issue is this recharacterization done in 2021 was a double, meaning it was already recharacterized in 2020. Somehow my institution let it go through again in 2021. All my tax forms reflect this double recharacerization, and after speaking with them they won’t change any forms.
So, my only thought is to report it as on my tax forms even though it was a mistake. I will have to pay more taxes on it unfortunately. Any thoughts?
thanks
