Retirement tax questions

Dear @macuser_22 

 

I am in the similar boat, but for tax year 2020. I am confused by your sentences

 

A 2020 1099-R with a code R in box 7 (Recharacterized IRA contribution made for 2019 and recharactorized in 2020) will tell you that you must amend 2019.

A code R 1099-R does nothing whatsoever if entered into the 1099-R section of an amended 2019 return. It does not get sent to the IRS and nothing goes on the tax return at all. The only purpose of the 1099-R is to report the recharacterization to the IRS, but it still must be reported on your 2019 tax return.

 

 

What you are referring to "It" in the sentence "It does not get sent to the IRS and nothing goes on the tax return at all." Are you referring to the 1099-R or the tax return itself? If nothing goes on the tax return, what is the point of amending the return? 

Thanks in advance.