I have another curve. I'm confused as to what amount goes in blocks 1 and 2a if I do a substitute 1099-R. I am meeting with my Roth provider on Monday to see about getting a corrected 1099-R rather than trying to do a substitue1099-R. Just for clarification, I am 75 years old and I would like to know what I am asking them to do. What codes to use etc. I made a $5000 contribution to my 2020 Roth IRA before filing my 2021 taxes. In early 2022 before I determined I had excess contributions and where and how the error was occuring, I took a $5000 distribution thinking that the entire $5000 was excess. I also took a $200 distribution for earnings on the excess contribution. As I was amending my 2020 return last week, I found the actual excess contribution in 2020 was $3890. I have amended my 2020 and 2021 returns to show the $3890 and have paid the 6% penalty for both years. The 1099-R for 2022 shows the gross distribution amount to be $5200 in block 1. Block 2a shows $200 as taxable. The codes J&P are being used for the current 1099-R.
Since I had a total of $5200 distributed , with $3890 being the actual excess distribution and $200 being the earnings on the excess distribution, how do I report the additional $1110 distribution? What codes would be used? Is it possible to get a corrected 2022 1099-R that can be filed with my 2022 taxes? On my current 2022 return the $5200 gross distribution is showing on line 20 of section IV, thus no penalty 6% for 2022. Long story short, is it possible to get a corrected 1099-R that covers this situation, amounts, codes, etc ?
