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Excess Roth Contribution
Made a contribution for 2020, turned out to be excess. Withdrawn in 2021. Received 1099-R in 2022 showing 2021 1099-R with gross distribution and taxable amount. TT says need to amend 2020 return. In amending 2020 return when I enter the 1099-R with codes J and P, P is: Return is taxable in 2019!! Do I leave P off the box 7 codes or ????
‎January 26, 2022
12:24 PM