Retirement tax questions

Code JP will do nothing on a 2020 tax return since the return can only be reported in the year that the contribution was for - 2019.

 

In your case it will also do nothing on  a 2019 tax return because the ONLY thing to report is the taxable interest in box 2a.  Since box 2a is zero, the Roth probably had a loss and not a taxable gain so there is nothing to report as taxable income on your 2019 return either. 

 

If the excess contribution carried to 2020 then  yiu can remove it in the 2020 IRA interview since it is gone.

**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.**