Momhelp
Returning Member

Incorrect Box 7 on 1099R

In May 2024, I received a bonus from work that I used to open a Roth IRA thru Vanguard at the full $7000 amount.  Shortly afterwards, I realized that my new income level would not allow me to put in the full $7000.  I called Vanguard and they told me to removed the amount ($2000) I over contributed.  I did that within 30 days of when I opened the Roth.  When I received my 1099-R form they coded the $2000 as a distribution with a code J in box 7.  I called them and they said that they would not fix it but I needed to fill out a form 5329.  In reading what the 5329 form is I don't think that is correct.  (I am not confident in the person I talked to at Vanguard.)

 

I am not sure how to correctly handle this in turbo tax.  Please advise.