DanaB27
Expert Alumni

Get your taxes done using TurboTax

Yes, you enter the earnings from box 2a for "Corrective distributions made before the due date of the return".

 

Yes, you can enter $0 for Roth IRA contributions since you withdrew them all. Another option is to enter the Roth IRA contribution and then enter on the penalty screen that you withdrew the excess contribution by the due date.

 

Since you have $0 earnings on your Form 1099-R with code PJ you do not need to amend your 2023 return. Only earnings would be taxable. Therefore, your 2023 return would not change and TurboTax would only add an explanation statement to your 2023 return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post