The election to recharacterize an IRA contribution must be reported on the tax return in the form of an attached statement explaining the details pf the recharacterization. If the recharacterization takes place after filing the return, an amended return is required to be filed within 6 months of the original due date of the return to report the election. This is explained in Regs 1.408A-Q & A-6(b) and 301.9100-2, as well as in the Form 8606 instructions in the sections "Recharacterizations" and "Amending Form 8606". I don't know if there's any routine enforcement of this reporting requirement.Even if OP didn't file an extension, the IRS will recognize the recharacterization as long as the return was filed timely and it was done within 6 months of the original due date.
Statistics: Posted by MarkNYC — Fri Jan 16, 2026 10:09 am — Replies 19 — Views 742