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Retirement tax questions
The code J is needed to indicate that this return of contribution was from a Roth IRA. Since you were over age 59½ at the time of this distribution, to eliminate the early-distribution penalty normally indicated by the code J you'll need to claim an Other reason exception to the penalty on the taxable amount shown in box 2a of this Form 1099-R.
February 1, 2021
5:16 PM