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Get your taxes done using TurboTax
Thank you for the help. I understand that I would be taxed on interest income showing on a 1099 SA. However, when I had the excess distribution taken out in early 2022 (but after the 1099 SA for 2021 was already generated) for the excess distribution in 2021, I also took out the earnings as required by IRS at the same time. As such, I reported both (the distribution and earnings) and paid tax on both in my 2021 filing. My question is there a way to show the interest was already reported and paid in 2021? Or do I just not report it in 2022, since it was already paid in 2021? Thank you for the assistance.
March 14, 2023
8:52 AM