Hi,
I made an excess contribution in 2023. I think I will be able to withdraw it right before the deadline in 2024, but I don’t think I will get the 1099-R until late this year.
I think I would have to amend 2023 tax return when I eventually get the 1099-R, but the turbotax help documentation suggests there’s an easier way.
It states: “There’s an easier way, though: Just enter the Form 1099-R on your 2023 return. When you do, enter code P and code J in box 7. You will be asked whether this Form 1099-R was issued with the year 2023 or 2024 printed on it. Select 2024.”
My confusion is that since I won’t get the 1099-R until end of this year, how can I enter it with my 2023 return? Is this a typo? Did they mean to write 2024 return?
Thanks in advance.
