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How do I report a recharacterization of my Roth IRA?

April 26, 2017recharacterization report roth ira

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How do I report a recharacterization of my Roth IRA?

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If you recharacterized a contribution or a Roth conversion, the fair market value of the amount transferred will be reported in Box 1 of your Form 1099-R. The distribution code in Box 7 will indicate the year of the original contribution or conversion.