MinhT1
Expert Alumni

Get your taxes done using TurboTax

If code in box 7 of your form 1099-R is PJ, then you can disregard that form 1099-R as the earnings have already been reported and taxed in 2023.

 

Code P means Excess contributions plus earnings/excess deferrals (and/or earnings) taxable in 2023.

 

Code J means Early distribution from a Roth IRA, no known exception

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