@InfiniteJoy wrote:
What's not quite clear is the Traditional contribution. If the recharacterization of a 2020 Roth contribution was done on April 1, 2021, prior to the 2020 filing due date, then isn't it as if the Traditional contribution was made for 2020 still?
Yes. It is a 2020 contribution and that must be reported on you 2020 tax return with a 2020 8606 form that shows the non-deductible contribution.
If you did not report it then you must amend 2020 and enter it in the Roth IRA contributions as explained in previous posts in this thread.
**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.**
