MinhT1
Expert Alumni

Retirement tax questions

Your 2021 1099-R should bear code P in box 7.

 

Please see this TurboTax Help topic.

 

You should contact your broker to obtain a corrected 1099-R.

 

As you have already reported the excess contribution in 2020, there is nothing to report in 2021 and you can ignore the 1099-R with code P.

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