DanaB27
Expert Alumni

Retirement tax questions

It seems as if you have entered the recharacterization already since you had an explanation statement and therefore you do not have to amend your return. No, you do not delete Form 8606. If you entered the recharacterization correctly when you filed your original 2020 return then you should have Form 8606 with your basis on lines 1, 3, and 14 included on your return.

 

@RuffyK

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