Excellent info.
I think I lost my 2023 tax year return but I'm very confident that there was no mention of any IRA penalty.
On the 2022 tax year PDF, I searched "5329" and all that came up was;
"Additional tax on IRAs or other tax-favored accounts. Attach Form 5329 if required.
If not required, check here" and everything there is blank. I see there's no tax on that entire "Part II, other taxes" page except the self-employment tax. I'm positive I removed the excess contribution cash before it earned anything, and that it didn't yield even interest.
Form 1040 4b for 2022 is blank.
So, if no mention of a 1099-R or any Roth 6% penalty from any prior year shows up for tax year 2024, do I really have to bother with a 1099-R or do anything since the excess was likely in 2022 and caught and removed without earning anything right before i filed for 2022 in 2023?
Or it's only a matter of utilizing a1099-R only for people who had taxable earnings from the excess contribution and for turbotax adding a statement for the IRS for the return of the excess, which probably isn't needed for me since I had no earnings from the excess because I removed it in time without investing it, plus no statement is needed since it got fixed like 2 years ago?
Is Code "P" and "PJ" in your last message, 2 different things, or is the J in PJ a typo?
Thanks.
