MarilynG1
Expert Alumni

Retirement tax questions

@Amariott See the post from @DanaB27 above.

 

You will need a 1099-R to report the Removal of Excess Contribution, with contribution in Box 1, Earnings in Box 2 and Codes J/P in Box 7. 

 

The recharacterization is reported in the IRA Contributions section.

 

Click this link for more info on how to Create a 1099-R to Report Excess Contribution

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