dmertz
Level 15

Retirement tax questions

"They (Ameritrade) also said that a recharacterization from a Traditional IRA to a ROTH is just called a Roth Conversion but said they are otherwise the same thing."

 

What the person at Ameritrade told you is nonsense.  That person was inadequately trained.  A recharacterization and a Roth conversion are entirely different transactions.

 

"the ROTH Conversion form I filled in asked what tax year, and I filled 2021"

 

That would make sense for a recharacterization but not for a Roth conversion.  Hopefully Ameritrade did not process a recharacterization instead of a Roth conversion.  You need to check that.  The only recharacterization that should have been done is the recharacterization from Roth to traditional.  A second recharacterization, back to Roth, would be an impermissible revocation of the first recharacterization.