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Retirement tax questions
Yes, if the Roth contribution in 2019 was for 2019 (not 2018) and your trustee returns those amounts to you net of losses, you won't need to do anything else for your 2019 tax return.
You won't get a 1099-R until next year. It will be a 2020 1099-R, to be entered in your 2020 taxes. Because it will have a code JP in box 7, the IRS will know that it was to withdraw a 2019 excess Roth contribution before the due date of the 2019 tax return. You don't need to prepare a substitute 1099-R.
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‎July 12, 2020
11:40 AM