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Returning Member

Retirement tax questions

@dmertz 

Thank you for the information!  As a follow up question, when I do eventually get an official 2021 1099-R in January 2022 for the $32.00 excess contribution + earnings withdrawal, will I still need to enter the 2021 1099-R data in the 2021 Turbo Tax?

 

Also, I found some old 1099-Rs for excess contribution withdrawals and saw some of those had codes of 8 & J.  What is the situation where 8 & J codes would be used instead of the P & J that  you have indicated is the proper code to use?  I only ask because the description for 8 (Return of Contribution Taxable in 2020) seems to make more logical sense to use as well.