@2004taxfile1 wrote:
@DanaB27
In @Drdok1 case, He filed 2019 excess contribution in 2020 as a substitute 1099-R. Does he have to enter this again in 2021 tax return once received 2020 1099-R form and re-enter earnings as Taxable amount in Box2a?
How to enter it to void paying penalty again?
thanks
If the tax on box 2a was paid in 2019 with a 1099-R box 7 code P or PJ then nothing goes on to 2020 tax return at all. If the excess carried over to 2020 then deleted it form the IRA contribution section.
**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.**
