Hi Champ,
Well I received both my 1099-Rs for excessive IRA contributions from Fidelity.
Recap:
I made a 2020 excessive IRA contribution and a 2021 excessive IRA contribution. Fidelity removed excess plus gains from both years simultaneously.
This year, 2022, I am filing my 2021 taxes with both IRA excessive contributions, both state year 2021. One 1099-R has box 7 with code 8 (2021) and one 1099-R has box 7 with code P (2020). Fidelity rep stated I can file both together in the same year as box 7 has the two tax years taken into account.
However, TT Premier online-only recognizes the 1099-R with code 8.
How do I get TT to recognize both 1099-Rs with differing box 7 codes? There are taxable gains in both years so I should pay taxes taxes on the total of the two, not just one.
Thoughts?
