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Retirement tax questions
If you filed a 2019 tax return then you will have to amend it to add Form 5329 unless you had entered the the excess Roth contribution already on the 2019 return. Then Form 5329 was already submitted.
Yes the 1099R 2020 with code J will be entered on the 2020 tax return. Please make sure you answer all follow up questions carefully after you entered all 1099-R. There are some questions in regards to your Roth IRA when you click continue on the "your 1099-R entries" screen that shows all your 1099-R.
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March 1, 2021
8:29 AM