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Retirement tax questions
TurboTax response suggests that the code that you have selected for box 7 of TurboTax's 1099-R form does not indicate a recharacterization.
" Box 2a for taxable amount is $0 (I assume since I paid the tax on the 2021 return when the recharacterization was made)."
This statement makes no sense. Recharacterizations are never taxable.
What is the code in box 7 of the 2022 Form 1099-R provided by the payer?
Is the IRA /SEP/SIMPLE box marked?
Did you do any Roth conversions and, if so, in what year?
‎April 13, 2023
6:27 AM