In this situation you describe where we create a 1099-R using code P and J, and also include box 1 as our total distribution, and box 2a as our earnings... what if the next year we receive the 1099-R and box 1 and 2a report the total distribution and don't break out the earnings separately in box 2a (because they don't know what is taxable and what is not)? Does that mean that next year we will have to amend this year's tax return and then somehow reflect our taxable amount as only the earnings (I assume somewhere on the 8606)?
