@tdo061803 wrote:
Thank you, @macuser_22!
The 1099-R is for 2020.
The excessive contribution has nothing in box 2a and "Taxable amount not determined" box checked. Box 7: P. Should I ignore entering anything into TurboTax?
The earnings have some amount box 2a. Box 7: PJ. I need to amend the 2019 return to report and pay tax for the earnings, right?
Are you saying that you have two 1099-R's?
One with a code P and box 2b checked (is the IRA/SEP/SIMPLE box checked)?
The other with a code PJ and an amount in box 2a?
**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.**
