I have ready many articles on the community about this subject, but I am still unclear about the correct way to handle my 1099-R(s) that I received this year for excess contribution on my 2022 taxes.
I over contributed to a Roth 401K and Roth IRA in year 2022. In both cases, the excess contributions were removed in a timely fashion before the tax deadline in 2023 and neither funds had any gains to report. I did not have a 1099-R to enter when I did my 2022 taxes. Now, I have received the two 1099-R(s) - a 1099-R that has code PB for the correction of the Roth 401K and another 1099-R that has code PJ for the correction of the Roth IRA. (No other 1099-R received as both were a loss). Both show no taxable amount in box 2a and box 4.
Do I need to amend my 2022 taxes to report these 1099-R even though there is not taxable income and it shouldn't change my taxes as far as I know? Also, just to make sure... I don't have to do anything on my 2023 taxes this year with these 1099-R(s), correct?
