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Get your taxes done using TurboTax
Hi @macuser_22 , I have a very similar situation as @hkc with the small bit of difference that I realized that I have over contributed to my 2021 Roth IRA after filing my 2021 taxes. I however have removed the excess on time in 2022 with loss. We have received 2022 1099-R with 0 taxable income with codes PJ. There is really nothing to report or to amend for 2021.
But I just wanted to confirm if I can simply ignore this 1099-R or do I have to go back and amend my 2021 return which will not change anything since there was no gain?
Going through multiple posts on these forums I'm getting conflicting answers. I would have definitely entered made up 2022 1099-R into my 2021 tax return should I caught and corrected this error before filing. Really appreciate your help!