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Is my 1099-R form correct for backdoor roth contribution?
			
				
					
					
						when I got my 1099R form this year for my traditional IRA account I noticed that my distribution code is ''N'' which indicates a 'recharactorization' instead of code '2'(what I got last year). my advisor says it's still the same as a normal backdoor roth conversion but what I found online indicates they are two different things, conversion vs recharactorization. I want to make sure it wasn't a mistake that I should correct to avoid any penalties and that I can still file my 2024 tax return for the backdoor roth contribution.
					
				
			
			
				
			
			
			
			
			
			
			
		
		
		
	
	
	
			
    
	
		
		
		‎February 9, 2025
	
		
		11:28 AM