I see. How does that work with the penalty (6%)? Since I recharacterized after May 17th, but well before Oct 15th, I was thinking that amending within the same year instead of waiting till next year to file the amendment would allow for the penalty assessed to be refunded and no further penalties to be assessed.
Does waiting till receiving the 1099-R in 2022 and filing an amendment at that time increase the penalty by another year or negate receiving the additional refund for 2020?
