In January of 2020, I deposited money into Roth IRA. In March of 2020, I realized I had
contributed too much, so I filed a return of excess contribution.
I'm filing my taxes for 2020 now. I'm assuming I should not have to pay a penalty for the Roth
IRA withdrawal since I filed a return of excess?..if so how do I enter the 1099-R? The 1099R I
received has box 7 as 8 and J.
Would I enter only a substitute 1099-R? Or is there something else I need to do?
Thanks.
