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Thanks for your super helpful answers about this @DanaB27 

 

I'm in a similar situation to the original post this year (overcontributed in 2022, withdrew before the filing deadline in 2023, am trying to include the 1099-R values on my 2022 return even though I've not yet actually received the 1099-R from my brokerage).

 

Two questions, if you wouldn't mind:

1) If there is a loss (not earnings), am I to put a negative value in box 2a, or "zero"?

 

2) For Box 7, I understand that I should select P and J. However, TurboTax's description for P is "return of contribution taxable in 2021." This strikes me as odd, as there is nothing involving 2021 here: the overcontribution was made in 2022, for 2022 tax year, and withdrawn in 2023. So what does this have to do with 2021? Is "P" incorrect here? Or is this just a Turbotax bug?

 

Thanks very much in advance