Retirement tax questions

You are confusing a "recharacterization" and a "return of contribution" which are totally different.

Which did you do?

 

A 1099-R with a code JP is a "return of contribution" when the contribution (plus earnings) were returned to *you* and you have the money.

 

A recharacterization is if the IRA custodian simply moved the Roth contribution (plus earnings) from the Roth IRA to a Traditional IRA as if the Roth contribution was never made in the first place.

 

They are reported in total different ways - which did you do?

**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.**