DanaB27
Expert Alumni

Get your taxes done using TurboTax

Yes, there might be an error on your Form 1099-R. I would contact your custodian. You can show them this:

 

"For a distribution of contributions plus earnings from an IRA before the due date of the return under section 408(d) (4), report the gross distribution in box 1, only the earnings in box 2a, and enter Code 8 or P, whichever is applicable, in box 7. Also, enter Code 1 or 4, if applicable." (2022 Instructions 1099-R Page 11 under box 2a Traditional, SEP, or SIMPLE IRA.)

 

@drezki17 

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