hey, sorry for the super late reply. This got buried in my inbox until the new tax season rolled around. In case you're still looking for an answer:
Upon reopening my return, it looks like I used codes P and J as ThomasM125 had suggested. The IRS and state processed our returns and we haven't seen/heard any red flags since. Fingers crossed.
I will admit, I never fully understood the suggested selections for options P vs 8, or the guidance to select the following year (2024) for the date on the form. Or maybe I've just forgotten in the interim, it's been a long year. My guess is that it was a way to get everything knocked out during last year's tax filing process. Maybe I can confirm...
@ThomasM125 if you are still out there: I had followed your advice to a T (or rather to a P?), to report the excess contribution for the 2023 tax year. I expect we will get that 2024 1099-R shortly, showing the excess contribution. My understanding is that I had filed 2023 as if I was "pre-amending" for this particular 1099-R. Since I reported the excess contribution already, do I still need to enter that 1099-R this time around? Or do I ignore it, as the "pre-amending" already settled things with the IRS on that amount?
