@dmertz thank you!
So now for the 1099-R code 8, I have submitted the 1099-R with the taxable income amount
AND
have separately submitted the (excess contribution - amount in box 2a) under
Wages & Income -> Less Common Income -> Miscellaneous Income, 1099-A, 1099-C -> Other income not already reported on a Form W-2 or From 1099
For the 1099-R code 8B, I have submitted the 1099-R and no additional income.
For both 1099-R forms, I have submitted the losses under Less Common Income - > Miscellaneous Income, 1099-A, 1099-C -> Other reportable income
Which seems correct as here: <a rel="nofollow" target="_blank" href="
https://www.irs.gov/pub/irs-pdf/p525.pdf">https://www.irs.gov/pub/irs-pdf/p525.pdf</a>
It says: Report a loss on a corrective distribution of an excess deferral in the year the excess amount (reduced by the loss) is distributed to you. Include the loss as a negative amount on Schedule 1 (Form 1040), line 21, and identify it as “Loss on Excess Deferral Distribution.”
Let me know if this sounds right to you.
Thanks again!
