@kvkeee wrote:
Thanks for your quick reply @macuser_22. After recharacterization, the contribution became non-deductible and filing form 8606 (plus explanation for recharacterization) along with 2020 return.
So in 2022 when I get the 1099-R, do I have to file an amendment to my 2020 return?
No - that is the reason for reporting it now - so you will not need to amend.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
