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Retirement tax questions
Yes, you can remove the 2024 Form 1099-R with code R for the recharacterization of the 2023 contribution from your 2024 return. But Form 1099-R with code R doesn't change anything on your return.
To clarify, did you enter a traditional contribution for 2024 in the IRA contribution interview?
The traditional IRA deduction may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds certain levels. Please see IRA deduction limits for details.
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March 8, 2025
5:00 AM
1,653 Views