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Retirement tax questions
I have similar situation.
I filed my 2022 tax return with Turbotax and took Traditional IRA deduction. Those funds were recharacterized from my Roth IRA. I did answer the questions on Turbo tax about how I am funding it with Roth recharacteization but in file return PDF, I don't see any mention of that.
Now I have got the form 1099-R with R code in box 7. So do I need to amend my 2022 return or how do I report this form in 2023 return.
I had no taxable income.
‎January 20, 2024
9:29 AM