DanaB27
Expert Alumni

After you file

Yes, when you amend your 2022 tax return you will get a refund of the penalty and  tax on the earnings when you remove the Form 1099-R with codes 1 and P.

 

You don't need to pay any taxes on this distribution since your 2023 Form 1099-R with codes 1 and 8 shows $0 earnings in box 2a.

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