dmertz
Level 15

Retirement tax questions

I was told it already passed the October 15th deadline for 2019 tax return and they would make a normal distribution of this amount to remove it. This was done mid January 2021


None of this is consistent with receiving a code 8J 2020 Form 1099-R.  You'll have to contact the Roth IRA custodian to figure out why they sent you this Form 1099-R.

 

If the excess contribution for 2019 wasn't distributed by a regular distribution until January 2021, the excess from 2019 remains subject to another 6% penalty on your 2021 tax return.