@71YTA31 wrote:
what is the advantage of waiting to file with it? Wouldn't it be better to file the amendment now before Oct 15th 2021?
Oct 15 has nothing to do with it since you already recharacterized long before that.
The only advantage is that if the actual 1099-R when it comes, is at all different than what you think it will be, then you will need the amend the amendment which is messy and can take up to a year to process. It is best to amend only once. Since you have 3 years to amend, there is no rush. In the mean time, if anything else comes up that might require amending it can be included. The 1099-R sent to the IRS by the financial institution (not you) tells the IRS that you met the requirement - as long as you amend within 3 years (from the original due date), it does not matter when you amend.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
