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I filed my 2020 return and realized after the fact that I am ineligible to contribute to a Roth in 2020. In Sept 2021, I withdrew the excess 2020 contribution with the earnings and filed an amended return already paying for the tax on the earnings and penalty since I'm under 59.5. However, when I received the 2021 1099-R, the distribution code used by Vanguard was J and 8, instead of J nd P. Code 8 is Excess contributions plus earnings/excess deferrals taxable in 2021. It seems like I am paying for the excess tax again. How should this be handled?
March 29, 2022
5:05 PM