@Ventura wrote:
I like to know the 1099-R receive next year, is for which year? what's the amount in box 1? which code in box7?
If the excess was returned in 2020 the you will get a 2020 1099-R.
If you asked for a return of excess and not a normal distribution then the amount of excess plus any earnings attributed to the excess will be in box 1 and any earnings in box 2a.
The box 7 code depends if it was a Roth or Traditional IRA and if it was a 2019 excess returned in 2020 or a 2020 excess returned in 2020 - they are all different.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
