I'm still a bit confused. (and, sorry this is so wordy)
I entered my 2022 1099-R with Code "P & J" into my 2022 Tax Return.
TurboTax says "It looks like you may need to Amend your 2021 Return" "Here's why: Your 1099-R reports earnings on a contribution you made in 2021. This information needs to go on your 2021 Return."
I went back to start to Amend my 2021 Return and discovered that I had reported the $7000 Contribution in my 2021 Return (despite what I said in my first Post). 2021 TurboTax also asked how much of the Contribution was Withdrawn before the filing due date (April 18, 2022). I answered, $7,000.... 100% of my erroneous Contribution was Withdrawn before the filing due date.
And, nothing more was said or referenced by TurboTax regarding my 2021 Contribution or the 100% Withdraw of that Contribution.
So, there doesn't seem to be anything to Amend on my 2021 Return.
But, now 2022 TurboTax is saying I have a 2022 1099-R that is reporting earnings on a Contribution I made in 2021. I did make the Withdrawal in Jan-Feb'2022 to correct the Contribution error, and, it was before the 2021 Filing Due Date. And, there wasn't any Earnings. In fact, 2022 1099-R reported a Withdrawal Distribution of $6,898, when the initial Contribution was $7,000. It was actually a Loss.
So, I'm sure how to navigate this.
Could it perhaps be that the 2022 1099-R is Coded wrong? And, it shouldn't be reported as "Earnings"?
Or, perhaps, I simply enter this 2022 1099-R into my 2022 Return, as I currently have, and leave my 2021 Return alone (as I stated above)?
