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Retirement tax questions
I had a roth IRA over deposit in 2021. I pulled the money in 2022 when filling my taxes and received checks in march of 2022. I received a 1099-R for 2022 with Taxable amount of 12.45 and 35.81 in box2a one for me one for wife. 2022 turbo tax is stating I may need to amend as 1099-r reports earnings on 2021 contribution. Do I need to do an amended return? If so how do I enter the gross distribution and Taxable amount in 2021. I looked tonight and the letters from box 7 are pj. J is early distribution from a roth, P says return of contribution made in 2022. I need to know if I need to amend 2021 and if so do I add it as a 1099-r an do I do the PJ code even though years do not match?
March 20, 2023
7:49 PM