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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.**
May 7, 2021
5:23 PM