I intended to do a backdoor Roth IRA contribution in 2019, but made a mistake. Our AGI is over $200K. Here are the timelines:
3/1/2019 Contribute after-tax $6,000 to a Roth IRA account directly.
7/23/2020 Found the mistake. Moved $6,200 (original contribution and gain) to a traditional IRA through recharacterization.
01/2021 Received a 1099-R of $6,200, with R in box7 .
My questions:
1) When the $6,200 was recharacterized to a traditional IRA, was the gain ($200) considered as excess contribution?
2) If the answer to Q1 is yes, what shall I do now?
3) If the answer to Q1 is no, can I move the money back to a ROTH IRA? The total amount is $6,500 now. What tax shall I pay?
