DanaB27
Expert Alumni

Get your taxes done using TurboTax

Yes, you will need to amend your 2020 tax return if you received a 2021 Form 1099-R with code PJ. Please see How do I amend my 2020 return?

 

Yes, the earnings will be taxable income and will also be subject to the 10% early withdrawal penalty because you are under 59 1/2.

 

Yes, if you had tax withholdings on your 2021 Form 1099-R then you will have to enter the form on your 2021 tax return to have the taxes applies to 2021. 

 

 

@Davesilb

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"