DanaB27
Expert Alumni

After you file

Yes, you don’t need to file the 1099-R with code R for recharacterization in the 2023 return since it’s been reported in the 2022 return.
 

Yes, you should include the 1099-R with codes 1 and 8 in the 2023 return.
 

Yes, you should amend the 2022 return by removing the 1099-R with code 1 and P.

 

You will need to amend your 2022 tax return to get the 10% penalty payment refunded. You will need to remove the Form 1099-R with code 1 and P and then TurboTax will remove the penalty.

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