ThomasM125
Employee Tax Expert

Retirement tax questions

You should enter a Substitute form 1099-R on your 2020 return. You will see an option for this when you see the screen Tell us Which 1099-R You Have. 

 

Enter in box 1 the distribution amount. In box 2 enter the earnings. Enter code "P" in box 7. Work through the questions in TurboTax after you entered the 1099-R until you see a question regarding why you made the distribution, to which you will respond it was a return of an excess contribution.

 

I don't know of any additional forms you have to enter.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"