In 2018, I accidentally contributed full $5500 into Roth IRA without realizing that my income would be partially too high for full amount contribution. I found this out late and I ended up recharacterizing $1000 from my Roth IRA to Traditional IRA and converting that $1000 into my Roth IRA to finish up my 2018 $4500 direct Roth contribution and $1000 backdoor Roth contribution.
Now in 2019, I received the 1099-R related to this $1000 of backdoor contribution.
I am supposed to report this 1099-R this year even though this recharacerization was done for 2018 tax year, right?
If you could clarify step-by-step how I should clearly document my situation that would be very much appreciated!
