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Retirement tax questions
Yes, it does not get entered on your taxes. A 1099-R with a distribution code R is a recharacterization of an IRA contribution. We assume your recharacterization was made to a Roth IRA, in which case there is nothing to report on your tax return.
Keep the 1099-Rs for your records.
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‎February 8, 2023
12:46 PM