DanaB27
Expert Alumni

State tax filing

The 2022 excess contribution should have been removed as a regular distribution without earnings since it was after the due date of your 2022 return. You should have received a 2024 Form 1099-R with code J and this will be entered on your 2024 return. Or did you apply the 2022 excess as a 2023 contribution and then removed the excess from the contribution for 2023? Then the 2024 Form 1099-R with code P and J is correct.

 

Yes, you should amend your 2023 DC and MD returns to check if the taxable income changes. The taxable earnings should be allocated between DC and MD.

 

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