DanaB27
Expert Alumni

Retirement tax questions

No, you do not need to enter/create the 2022 Form 1099-R with code R on your 2021 tax return since you are reporting the recharacterization with the steps mentioned above when you enter your IRA contribution. 

 

A Form 1099-R with code R will not make any changes to your return. Therefore, you can ignore it. Just report the recharacterization with the steps above and you will be done.

 

 

@techie353

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