SharonD007
Expert Alumni

Deductions & credits

You do need to report this 1099-R on your tax return to let the IRS know that you received a distribution of a Roth IRA in 2022. Please review the TurboTax Help article Where do I enter my 1099-R? for instructions.

 

Make sure you enter both codes P and J in box 7. Code P indicates that it was an excess contribution plus earnings/excess deferrals taxable in 2021 and code J indicates an early distribution from a Roth IRA.

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