Do I need to amend my 2024 return due to a Roth recharacterization reported on a 2025 1099-R?

[Lokavidu]

Hi,

I’m trying to confirm whether I need to amend my 2024 tax return.

Here’s my situation:

• Early In 2024, I made a $2,500 Roth IRA contribution.

• Due to income limits, I later recharacterized this contribution to a Traditional IRA in 2025 when I filed 2024 taxes.

• I did NOT deduct this contribution, and I filed Form 8606 for 2024 showing $2,500 of nondeductible basis.

• In 2025, Vanguard issued me a Form 1099-R with:

  • Code R (recharacterization)

  • Gross distribution: $2,937.47 (original $2,500 plus earnings)

  • Taxable amount: $0

TurboTax is suggesting that I may need to amend my 2024 return because of this 1099-R.

However:

• My 2024 Form 8606 correctly reports the $2,500 basis.

• The 1099-R shows $0 taxable and Code R.

• No deduction was taken.

Do I actually need to amend my 2024 return in this case, or is my original filing already correct?

Thanks for your help.

[DianeW777]

No, you don't need to amend your 2024 tax return.  And your original filing is already correct. The return was filed accurately with the correct information. Keep the 1099-R in your tax file should you need it later, it clearly shows nothing is taxable in 2025.