I have a similar issue. I opened and funded a SEP IRA the end of 2019 and estimated the amount I could contribute before completing my taxes for 2019. I overfunded it and withdrew the excess amount. I received a 1099 R with Box 7 shown meaning it is fully taxable which is not the case.
The broker will re-categorize as an excess contribution but not submit the revised form to IRS until the end of 2020. How do I address this in Turbo tax as the excess should not be taxable?
Thank you for anyone's response.
jgg998
