Thanks for taking a look. The payer (Vanguard) confirmed that the characterization was of 2020 contributions as directed. In this case, the trade date was 2020 but settlement was 2021. Both accounts are with the same broker and so settlement was the same both sides. They've said the 1099-R reflects code "R" because settlement occurred in the calendar year after and that I should contact TurboTax if the software is saying I need to amend 2019.
Based on your explanation @dmertz but assuming he recharacterization was in fact for 2020 contributions, traded in 2020 and settled 2021 is your expectation that I would have received a 2021 Form 1099-R with the "R" (prior year) type code to file with my 2020 taxes?
I'm still I'm trying to discern whether:
- The 1099-R was filed/coded wrong by the broker (either coded wrong or should have been a 2021 form) despite their explanation.
- The question is poorly worded in TurboTax and I should be selecting year "2021" there.
