topic Thank You! in Retirement tax questions

For 2015 year tax return, contributed to tax deductible IRA, converted to Roth in 2015. Re-characterized in April 2016. How to handle the 2016 1099R received in 2017?

HL1 — Tue, 04 Jun 2019 20:31:10 GMT

Thanks for the response for no need to amend 2015 return. How should the recharacterization 1099R received in 2017 be handled? Should it still need to be entered in 2016 return?

Since the recharacterization was reported on your 2015 ta...

dmertz — Tue, 04 Jun 2019 20:31:12 GMT

Since the recharacterization was reported on your 2015 tax return, there is no need to enter the code R 2016 Form 1099-R at all. You can if you want to; it will be recorded in the tax file but otherwise ignored.

Thank You!

HL1 — Tue, 04 Jun 2019 20:31:14 GMT

Thank You!