HI I contributed 6000 for 2019 in 2020 and found out that I am over the income limit to contribute so I removed excess in December 2020.
I've got 2020 1099-R now showing $ 5871 distribution with code J (early distribution). It does not show code P (return of contribution taxable in 2019). is this correct??
I indicated in deduction and credit that I did excess contribution in 2019 (6000)
And form 5329 generated shows that 129 excess contribution with code J.
This does not seem to be correct.
Should I enter code J and P even though 1099-R does not show it?
And I did recharacterization 2020 contribution for roth to t ira and Converted to roth IRA.(about 14K)
Does that occur tax for the gains that I made in Roth IRA ? I've got 7K taxable income calculated in Form 8606. Did I enter correctly?
Thank you in advance for your advice.
