@dmertz
Found this thread while trying to finalize taxes.
Based on unexpected earnings, I over contributed to my Roth IRA in 2020. I have corrected this and my custodian has withdrawn the excessive amount plus earnings, which happened in 2021.
The letter I received said the earning (which are taxable, based on age) would be reported for the year the excessive contributions were made (2020). I won't receive a 1099-R until next year (2021) per the letter, but it appears I need to claim the earnings THIS YEAR (2020) as income.
So - I'm trying to create a substitute 1099-R. I think I found the correct Box 7 codes on the IRS site (8 & J), but was unsure what Year I say the 1099-R is for? I think it should be 2021, since that's the actual year the distribution was made.
Am I going in the right direction?
