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Retirement tax questions
follow up question: Hi I am entering my 1099R on TT now. I am following the steps, the 1099R box 7 code P is "return of contribution taxable in 2020", code 8 is " return of contribution taxable in 2021". I contributed to roth IRA in 2021 for year of 2021, then did return of excess contribution in 2022. should I enter 8 or P? thanks
‎February 9, 2022
2:14 PM