Form 1099-R current-year IRA recharacterization

For a current-year IRA recharacterization, enter the fair market value of the amount recharacterized in
box 1
,
0
(zero) in
box 2a
, and code
N
in
box 7
. It's not necessary to enter
X
in the
IRA/SEP/SIMPLE
checkbox.
Refer to the instructions for Forms 1099-R, 5498, and 8606, as well as IRS Publications 590-A and 590-B for precise reporting guidelines. For additional details about Roth IRA distributions, contributions, and recharacterizations, refer to IRS Notices 98-50 and 1998-39 I.R.B.
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