Retirement tax questions


@psushu wrote:

So even though the 2020 1099R I received has 8 as the distribution code, I can change it to P or J??  I don"t think I claimed the interest in 2019.


NO.    You are asking a different question.

 

A code 8 has  nothing to do with 2019 or code PJ.

 

A 2020 1099-R with Code 8 means a 2020 contribution returned on 2020.    Just enter the 1099-R that you have.

 

 

 

**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.**