I received a Recategorize "R" coded 1099 R for 2021

Forum|Forum|4 years ago
March 9, 2022
7 replies
42 views

I am currently doing my 2021 tax through turbotax premier, haven't submitted yet. I received a Recategorize "R" code 1099 R for 2021, total $9758 in box 1, "R" coded, it was due to the Roth IRA recategorize to Rollover IRA ( I contributed to Roth in 2020 but my income was over the limit and I was also filing married separately). I had it undone in 2021 through my brokerage and I received the Recategorize "R" code 1099 R for 2021 last month. Does that mean I need to amend my 2020 tax? Can I still file my 2021 tax, or should I amend 2020 before I file 2021 tax?

Thank you

Best answer by DaveF1006

No you can still file your 2021 taxes without amending your 2020 return. You do not need to amend your 2020 return.

DaveF1006Answer

Level 15

No you can still file your 2021 taxes without amending your 2020 return. You do not need to amend your 2020 return.

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xiaogou0401Author

Level 2

Thank you so much Mark. Two more questions:

1. Why I don't need to amend my 2020 return?

2. Can I do backdoor Roth IRA conversion while married filing separately? My income is over $10,000

Thank you so much.

RobertB4444

Level 15

1. You don't need to do an amendment to your 2020 return because you didn't include the Roth rollover on your 2020 return since you were recategorizing it. If you did include it and paid penalties for the contribution then you do need to amend the 2020 return in order to fix that.

2. If you are filing married filing separate you may no contribute to a Roth at all unless you make less than $10,000

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