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Retirement tax questions
I have a somewhat similar situation. I opened a new Roth IRA in March 2020 and funded it $12000 for 2019/2020. I had no earned income in either year as I'm disabled, so my contributions are illegal. I withdrew all the money from the Roth a few weeks ago and Fidelity is sending me a letter, but won't send a 1099-R until Jan 2022.
I understand the instructions for creating a substitute 1099-R for this filing, but I'm horribly confused as to what to do in the "Deductions and Credits" section as well as the "Other Tax Situations" on my return in regards to my situation. The instructions in the Turbo Tax help window "Withdraw the Excess Contribution from your Roth IRA" are incomplete and even has errors.
Do I even need to enter anything in these other sections?
I'm also told from Fidelity, since I put the wrongful funds all in during 2020, the withdraw reporting should all be done for the year 2020, even though the money was earmarked for 2019 and 2020?
Help and Thanks