Just two different ways to do the exact same thing. Either the 1099-R or Misc Income simply add the excess to the 1040 line 1. Use whichever method seems easiest for you.
Many get confused by the year with the 1099-R code P method, but the Misc income method has many steps and screens to go through to get to the place to enter the excess.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
