Juir
Level 2

Get your taxes done using TurboTax

This seems easy enough, but why have other people with this same question gotten the advice to make a 1099-R?  With a 1099-R the info will appear in form 1040 on line 4a and 4b.  Is it ok for this info to just appear on line 8 (Other Income) of 1040 with an explanation of "Excess earnings for excess contributions of Roth IRA"?  (On line 8, I put just the earnings.  On line 4a would be the total distribution and line 4b would be the earnings on that distribution if one had a 1099-R.)  

 

Is there a difference, or can you do it either way?