You can ignore the 1099-R 2021 with code P when you get it in 2022 since the code P informs the IRS that it will be reported on the previous year tax return an you reported it on your 2020 return.
The only time a 1099-R with code P has to be entered in the current year is if taxes were withheld.
Please keep in mind the other 1099-R 2021 that you will get will have to be included on your 2021 return.
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