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Retirement tax questions
I think you mean you made an excess contribution in 2020 but withdrew it in 2021, so your 2020 tax return is properly stated. Now in 2021, your received a form1099-R reporting the distribution and you think it is coded wrong in box 7. You think the code should be "P" (excess contributions/earnings taxable in 2020), but it is something else. I would be inclined to agree with you.
If you can tell us what code is on the form, we may be able to help you further.
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‎February 2, 2022
8:45 PM