- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
It seems as if your financial institution treated it as a regular distribution. Did you request with them the withdrawal of excess contribution plus earnings? You might have to talk to your financial institute since a 2021 1099-R with code Q would belong on your 2021 tax return but would not be taxable at all since it is a Qualified Distribution.
Please see What happens if I made an excess Roth IRA contribution for additional information.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 5, 2022
5:39 AM