Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Feb 22, 2024 12:03:15 PM

I received a 2023 1099-R with code P. I am amending my 2022 return, but the code P description in TurboTax does not match the form.

Code P on form is Excess contributions plus earnings/excess deferrals (and/or earnings) taxable in 2022.
Code P in TurboTax 2022 is Return of contribution taxable in 2021.

0 1 301
1 Replies
Expert Alumni
Feb 22, 2024 7:23:27 PM

These are the same thing. The description in TurboTax 2023 is just more expansive..