DanaB27
Employee Tax Expert

Deductions & credits

It seems you will be getting a 2024 Form 1099 R with codes P and 1 for the removal of the excess for 2023 and a 2024 Form 1099-R with codes 8 and 1 for the removal of the excess for 2024. If you like you can verify this with your financial institution.


For Form 1099-R with codes P and 1 you will follow the steps as mentioned above since it belongs on your 2023 return. The 2024 Form 1099-R with codes 8 and 1 will be entered on your 2024 tax return.
 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"