Hello,
When preparing my 2021 tax return, I have "additional tax" related to excess Roth IRA contributions. Tracing through the documentation, it comes from the 2020 tax return "additional tax" for excess Roth IRA contributions. This is related to a $2000 excess contribution made in 2019 but was recharacterized for tax year 2019 in February 2020 prior to filing the 2019 tax return.
At the end of the day, I believe I should not be assessed an additional tax in 2020 or 2021 because after the timely recharacterization there was no excess contribution. How do I fix this?
Thanks,
Ryan
