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Retirement tax questions
Did you verify that the early contribution was actually applied to 2021? Because you can only make contributions for 2021 from January 1, 2021, to April 18th, 2022 (due date).
Assuming the financial institute did a return of contribution of the wrong 2020 contribution and then applied it as a 2021 Roth contribution, then you have until April 18th (due date) to request the recharacterization with your financial institute.
If you have an excess Roth contribution because your Modified Adjusted Gross Income (MAGI) is too high then you can recharacterize the contribution to avoid the 6% excess contribution penalty.
Please review What happens if I made an excess Roth IRA contribution for additional options.
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‎February 28, 2022
7:18 AM