MarilynG1
Expert Alumni

Retirement tax questions

You will need to report removal of the Excess Roth IRA Contribution as indicating that the distribution was a rollover does not satisfy this requirement. 

 

You can create a 'Substitute 1099-R' to document the removal of the Excess IRA Contribution and Rollover prior to receiving the 1099-R in 2021 if you choose. 

 

Click this link for info on reporting for Reporting Excess IRA Contributions.

 

This link gives info on creating Form 5498. 

 

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