@canes wrote:
Your advice was so very helpful. I have completed my return and I have one more question:
Since I withdrew excess Roth contributions, made my own 1099-R and wrote a note in the "explanation" section of Turbo Tax that I am doing this to avoid an "amended" return, can I file online or does my return need to be mailed?
I ask because I have read some online posts that suggest tax returns with letters of explanation must be mailed.
Or is that only if I have a separate "hard-copy" letter that I created? Thank you for your reply
You do not need to attach anything and can e-file. The only thing to goes to the IRS is the 1040 line 4a & 4b information and a 5239 form for the 10% penalty on the box 2a earnings, if any, if under age 59 1/2.
The internal TurboTax statement for a code P 1099-R will be part of the e-filed tax return.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
