Retirement tax questions


@cywy wrote:

Thanks for your reply. The code in Box 7 of 1099-R is PJ. Since I filed the 2019 returns AFTER withdrawing fully the contributions and gains, there are NO contributions on my 2019 returns. 


You must amend 2019 and enter the PJ 1099-R since it is reportable in 2019, not 2020 (unless there was box 4 withholding, then it must also be entered in 2020 to get credit for the tax withheld).

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**