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Get your taxes done using TurboTax
Code J is considered an early distribution from a Roth IRA when no exemptions apply and the recipient is under 59 1/2. Box 2a is listed for the taxable income. If you had a return of excess contribution the code should be listed as "8," "B," "P," or "E.
Since you have already spoken to Fidelity and they are willing to correct the form, this would be the proper steps to take to fix the 1099-R. For more information, see the link below:
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‎February 19, 2025
5:21 AM