- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
That is incorrect. If you file with the excess contribution (by May 17th), the penalty applies to the tax return. The whole purpose of the amendment is to report the recharacterization and remove the penalty and receive the penalized amount as a refund.
‎August 9, 2021
5:22 PM