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Retirement tax questions
OK Thank you. I did enter the 1099-R info as a PJ for box 7. Box one I entered 157.17 (144 excess plus 13.17 earnings) and box 2a I entered 13.17 for the earnings.
I had hoped removing the excess I could avoid form 5329, but I guess I better go do it.
One last question. When we receive the actually 1099-R next year for the excess contribution and earnings. Do we have to enter it anywhere on our 2021 10-40 or just attach it to the 2020 10-40 and forget about it.
March 6, 2021
8:51 PM