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Retirement tax questions
Ok so there is going to be a consequence to directly putting $ in Roth and recharacterizing 5 months later? The consequence is that I will eventually have to pay taxes on the earnings.
So can you clarify that I won’t have to pay taxes on earnings until next year on 2021 tax form when I report the distribution per 2020 1099R? This year I don’t have to pay but I will next year?
March 14, 2021
7:41 PM