DanaB27
Expert Alumni

Get your taxes done using TurboTax

Yes, you will create a 2022 Form 1099-R with codes PJ for the removal of the 2021 excess contribution plus earnings in 2022 and enter it on your 2021 tax return.

 

If you had also an excess contribution in 2020 that you removed in 2021 and received a Form 2021 1099-R with code PJ then this Form has to be entered on your 2020 tax return if you haven't reported it before. Please see How do I amend my 2020 return?

 

 

@fluxquantum94

 

 

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