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ismk29
New Member

1099-R Code J help - Do I need to amend my taxes??

I received a 1099-R form - do I need to amend my taxes? I had opened a roth ira account and soon later closed it. The 1099-R is showing the contributions I had put it and then later took out to close the account in box 1. Box 2a says nothing and box 7 says code J. 

Please help. 

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1 Reply
Cindy4
Employee Tax Expert

1099-R Code J help - Do I need to amend my taxes??

Yes, you should amend your tax return if the 1099-R was not included when you originally filed.  Code J in Box 7 indicates that you took an early distribution from a Roth IRA.  The IRS will receive this information and be looking for you to report it on your personal return.
How to Amend in TurboTax
Hope this helps!

Cindy

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