Hi DanaB27
Need your help. After speaking Vanguard multiple times on discrepancy noticed in 1009-R for my wife here
is what they finally came up with explanation.
2022 Form 1099-R - First One
1 Gross distribution $239.97
2a Taxable amount $ 17.75
7 Distribution code(s) 8, J
For first one looks like while processing Roth Excess contribution ($2700) removal for year 2021 they noticed one part ($222.22) that was part of year 2021 was made
in 3rd January of 2022. Vanguard removed along with earnings ( $17.75 ).
2022 Form 1099-R - Second One
1 Gross distribution $4,751.78
2a Taxable amount $ 474.00
7 Distribution code(s) J, P
For second seems to include the following.
1. Removal of Roth IRA excess contribution ($720) for year 2020 unfortunately they removed earnings
($68.73) too.
2. Removal of Roth IRA excess contribution ($1080)for year 2019 unfortunately they removed earnings
($218.88) too.
3. Removal of Roth IRA excess balance contribution ($2477.78) for year 2021 along with earnings ($186.39)
Given the above explanation from Vanguard how it changes my filing related to amended 2021 return and
2022 tax return which is not yet filed.
Could you please guide on how go about it in TurboTax. Thank you for your support.
Hopefully with your guidance I can proceed with appropriate filings and clear things once for all.
Regards,
Sri
