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Retirement tax questions
A recharacterization of a contribution for 2020 will be reported on the 2020 return.
Since you entered it already as a traditional IRA contribution the only thing that will change on your return is adding an explanation statement for the IRS. If you don't amend your 2020 return you can provide an explanation to the IRS if the IRS ever asks for it.
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‎April 12, 2022
10:21 AM
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