In Dec 2020, I made a contribution from my checking account to a deductible traditional IRA ($6k for 2020). I’m wondering, if I were to re-characterize this traditional IRA into a Roth prior to 4/15/2021, would it be taxed for 2020 or 2021? My 2020 and 2021 tax rates will likely be different, and while TurboTax allows me to include this in 2020, Fidelity (with whom I have my IRA) has said that if I were to re-characterize now it would belong in 2021 taxes.
