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Retirement tax questions
Thanks for your response. By ignoring 1099R, do you mean it is not necessary to enter the information on the tax return for this year?
I am in a similar situation for the recharacterization of my traditional IRA to Roth IRA. Last year I correctly entered the recharacterization information on my tax return and explained the reason. This year I received 1099R with code R on section 7. Based on what you explained, I don't need to enter 1099R form information in Turbotax for this year, right?
March 14, 2023
7:19 PM