In 2019 I put money into a Roth account. I am over 59 1/2 and so I put in the allowable limit of $7,000. Then a few months later that same year (2019) I transferred money from my IRA to my Roth account.
While the $7,000 was in my account it earned a taxable amount of $210.71 (stocks).
I found out that we had gone over the limit of $203,000 MAGI and as a result I had to do a "return of excess" and have the full $7,210.71 taken out of my Roth IRA and returned to me. This was done that same year a few months later in 2019.
I now have a tax year 2020 1099-R that shows BOX 1 Gross Distribution $7210.71, Box 2 Taxable amount $210.71 and BOX 7 Codes P and J.
Upon entering all this into my 2020 turbo tax it says that I may have to file an amended 2019 return?
Do I need to file an amended 2019 return or no?
TIA
Thank you
