Hi, DanaB27,
Thank you for guiding us through here.
One more question:
for the 2022 excess Roth IRA contribution, my retirement agent comes back to me with the earnings and loss info, and I actually lost money, let's say I lost 500 dollars for the excess contribution 6000 dollars (My retirement agents already distributed to me 6000-500 = 5500 dollars for 2022 return of excess). For this situation, will I enter the 1099-R info in turbotax as follows?
1) Box 1: 5500
2) Box 2a: 0
3) Box 3: how to fill here since I lost 500 dollars?
4) Box 4: 0 since there is no federal income tax withhold,
5) Box 5 and Box 6: leave blank?
6) Box 7: code J and P
7) Box 8-13: leave blank?
😎 Box 15: there is no state tax withhold for me, how should I enter State number?
9) Box 16: State distribution, how should I fill this box?
Thanks
