Hi Sir or Madam,
I have a distribution from Roth IRA due to excess contribution in 2020. I just received the distribution information (distribution withdrawn amount and earnings), and I can include on my 2020 tax return before filing on 5/17/21. So next year (2022) when I receive the actual 2021 1099R, can I only report the federal and state withholdings (since these were deducted), and put down the code P & J (if both show) on my 2021 tax return? No need to put down again the distribution and earnings that I file in my 2020 tax return (per my 2021 1099R info), correct? Or due to I have the federal and state withholdings, I cannot file with my 2020 tax return and must file in my 2021 tax return (unless I choose not to get back the withholding is amount is smaller than the tax I pay with the earnings in my 2020 tax return)?
Please kindly advise. Thank you!!
