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Do I need to attach my 1099-R for 2024 based on a recharacterization I filed during last years return?
I'm filing my taxes for 2024 and noticed I received a 1099-R. This form is for the recharacterization of my 2023 Roth IRA contributions into my regular IRA due to high income. I did this before I filed my 2023 return at the start of 2024. This recharacterization includes the contributions plus my earnings on the money. I did this recharacterization before I filed last year, so it shows up on my last year's tax return. TurboTax is saying I may need to amend my last year's tax return since I got a 1099-R. My question is, do I need to attach this 1099-R to my 2024 tax return? Is there any harm in doing so even if I don't need to? My box 1 has the amount recharacterized, no taxable amount, and is code R.
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‎February 21, 2025
5:52 AM