No, you do not need to amend your 2021 tax return since you reported your excess contribution and withdrawal on your 2021 tax return. The amount on your 2022 1099-R that you received with the Codes P & J that you entered in your 2022 tax return will not be taxed but if you had federal withholdings in box 4 or state withholdings in box 14, it will be included in the taxes that you already paid and will be deducted from your tax liability.
To check that this income is not reported on your tax return, follow these instructions to preview in TurboTax Online:
- Launch TurboTax
- Select Pick up where you left off
- Scroll down to Tax Tools and Select Tools
- Select View Tax Summary
- Select Preview my 1040 in the left menu
- Lines 4a and 4b is where you would see any IRA distributions. If you have only the 1099-R that you described above, there should not be any amounts in those boxes.
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