MarilynG1
Expert Alumni

Retirement tax questions

If you received a 1099-R with a Code R in Box 7, this means 'Recharacterized IRA contribution made for 2022 and recharacterized in 2023'.

 

Yes, you can enter it on an Amended 2022 return for correcting the Form 8606, but it won't affect your return, even though there may be an amount in Box 1.  

 

Here's more info on Box 7 Codes on Form 1099-R and Conversion and Recharacterization

 

@KREC 

 

 

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