DanaB27
Expert Alumni

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"