https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-amend-my-previous-year-s-return-based-on-1099-r/01/3507986#M1298083 <P>I received 2024 1099-R with distribution code R on box 7, corresponding to recharacterization from Roth IRA to IRA I did last year. Since the recharacterization was done prior to tax filing, I was able to include form 8606 in 2023 tax return to account for non-deductible contribution. Based on this, do I still need to make amendment on my 2023 tax return? Are there any other next steps I need to consider based on this 1099-R?</P> Sun, 23 Feb 2025 02:31:33 GMT rwir27 2025-02-23T02:31:33Z https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-amend-my-previous-year-s-return-based-on-1099-r/01/3507986#M1298083 <P>I received 2024 1099-R with distribution code R on box 7, corresponding to recharacterization from Roth IRA to IRA I did last year. Since the recharacterization was done prior to tax filing, I was able to include form 8606 in 2023 tax return to account for non-deductible contribution. Based on this, do I still need to make amendment on my 2023 tax return? Are there any other next steps I need to consider based on this 1099-R?</P> Sun, 23 Feb 2025 02:31:33 GMT https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-amend-my-previous-year-s-return-based-on-1099-r/01/3507986#M1298083 rwir27 2025-02-23T02:31:33Z https://ttlc.intuit.com/community/taxes/discussion/re-do-i-need-to-amend-my-previous-year-s-return-based-on-1099-r/01/3508317#M1298228 <P><SPAN>No, if you already entered the recharacterization on your 2023 return then you do not need to amend the 2023 return. It seems you reported everything correctly since you have a 2023 Form 8606 for the nondeductible traditional IRA contribution.</SPAN></P> <P>&nbsp;</P> <P>&nbsp;</P> Sun, 23 Feb 2025 11:15:33 GMT https://ttlc.intuit.com/community/taxes/discussion/re-do-i-need-to-amend-my-previous-year-s-return-based-on-1099-r/01/3508317#M1298228 DanaB27 2025-02-23T11:15:33Z