based on what I have gathered I do need to file amendment to 2021 because there is a section where it says excess contribution under Roth where I think I’m suppose to fill in and during that time when I withdrew I was suppose to generate my own 1099-R and not wait for brokerage to send me the 1099-R. So for the 2021 instead of stating that I made excess I stated I made the allowable amount that I determine from TurboTax. The issue is I didn’t know what input to put if I made timely withdrawal all it prompted me was that I was subject to penalty and interest.
Because right now IRS will be informed that I withdrew excess (I don’t think it shows what date on the form) with P. j . Code and no taxable amount show 0.00, I feel like IRS would expect some kind of documentation on 2021 (such as amended return) to sort out this. If I report it on my 2022 which I’m prepping now I would have to input the 1040X which definitely will alert IRS. But the issue is I don’t know if I need to if I did a timely withdrawal.
