I have the same issue. I like to know when I receive the 1099R in 2021, what code will be in box 7.
I try this case in 2019 turbotax, assume I have excess contribution in 2018, remove the excess in 2019. I manually enter the 1099R, for box7, if I select code "8", my refund is no change. If I select code "P", then TT ask me which year on form 1099R, 2019 or 2020? If I select "2020", my refund is no change. If I select "2019", TT shows " It Looks Like You May Need to Amend Your 2018 Return".
I don't want to do the amend for prior year tax return when I report my tax return in 2021. So I like to know when I receive the 1099R in 2021, what code will be in box 7.
