Hi @DanaB27 I received in 2023 two 1099-Rs from fidelity for tax year 2022.
One is for $50 which was an early distribution that I withheld taxes for, it had a code 'J,' this 50$ I believe was the excess I had in tax year 2020 that also carried over to tax year 2021 which I paid penalties for - reflected in my 2020 and 2021 tax year amended forms.
And my other 1099-R was for $237.04 (box 1a) and $0 in (box 2a) due to excess contribution with codes 'PJ'. I had withdrawn excess 260 but had losses hence the smaller distribution amount.
For tax year 2021, I had already reported this amount $237.04 box 1a and box4 $23.70 with code 'PJ'.
Slightly confused now since it seems they didn't report withheld taxes from 2022 which I thought I requested.
To answer your other question, I did remove my excess contribution for tax year 2020 (amended). It ultimately came in the form of a 1099-R reported for 2021, my $860 excess contribution resulted in me getting gross distribution box 1a of $1,001.74 and a box2a of $141.74 , box 4 of $14.17. I still had $50 considered excess because I didn't realize that the earnings in box 2a counted as income (found this out in 2022).
So to make sure I understood. May I just omit the 1099-R for the 237.04 amount this year if I reported it last year? It was a gross distribution at a loss so I'm not sure why it's being considered an excess contribution at all at this point.
Again appreciate your time and help.
