Turns out I don't receive a 1099-R for 2023 as I didn't take any distribution out of the ROTH in 2023. I did receive an IRS Form 5498 on 10 May 2024 indicating the $7,500 was put into the ROTH for 2023. Since all the money (both $7500 & $8000) was transferred into the ROTH on 1 April 2024 and removed from the ROTH on 27 Dec 2024 including gains ($836.03). I'm not sure what my next step is, do I make up a 1099-R to file an amendment return for 2023 (& of course pay the 6% fine), what would be the Distribution codes I should use in line 7 of the 1099-R...???
Mike Heslop
