
Anonymous
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Get your taxes done using TurboTax
Hi again - sorry I'm still a bit confused. Part of your reply says I should not file anything with my 2021 tax return since I removed the 2021 excess contribution to my Roth IRA before filing 2021 tax return because I had no gains (only losses). But then you state that I should fill in the 1099-R and put $0.00 in box 2a and use code P (so that I can ignore the 1099-R form when I receive it in January 2023). Should I include the 1099-R now or not? If I am able to resolve now (so I can avoid the 6% penalty) I would prefer to do so but I seem to keep getting contradictory information.
March 6, 2022
9:21 AM