@DanaB27 Hi Dana, I just realized something. Looking back at my 2021 Tax returns, the gross distribution of 237.04 that I reported with codes PJ (filled in myself as I didn't receive a 1099-R at the time).
I had federal income tax withheld as a request even though I took a loss - I . But the 1099R form I received for the 2022 tax year regarding that very transaction does not mention it at all. Do I need to manually input that federally withheld tax amount in my 2022 return then?
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Additionally, for tax year 2021, I received in 2022 a 1099 R reporting codes PJ for
gross distribution of 1,001.74, taxable amount 141.74, and federally withheld tax of 14.17. I'm trying to get confirmation if that can be closed out as it was to address a 2020 excess contribution and it didn't seem to have a direct impact on my tax liability aside from the withheld tax automatically taken when I reported this in my 2021 return. The confusion arising due to the fact that I thought the 237.04 excess contribution I performed in 2022 should have been closed out in similar fashion.
Thank you for your assistance.
