- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 3, 2023
11:37 AM