Sarmor
Returning Member

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?