KREC
Level 3

Retirement tax questions

I am removing an excess contribution I made on a Roth IRA in 2018. I’ve already paid the 6% in 2018, 2019, and 2020 using the 5329 on my tax filing. I will not need to pay the 6% for 2021 since I am removing the excess before the end of the year. I am only removing the excess contribution and no earnings so I should have no tax or penalty due. Here is my question, When the financial firm issues the 1099R what code will they use to show the return of the excess?