DanaB27
Expert Alumni

Retirement tax questions

Yes, if you recharacterized the 2020 contribution in 2021 then you will get the 2021 1099-R in 2022 with code R. You can ignore the 1099-R with code R, since you reported the recharacterization on your 2020 return. The 1099-R with code R will do nothing on your return, you can only report the recharacterization as mentioned above.

 

 

@kvkeee

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