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Retirement tax questions
@dmertz thank you for the response. My 2023 1099-Rs box 1&2 list $22.85, Box 7 Code P, which is the principal of $21 plus the interest of $1.85 for each fund. I declared the principal over contribution on my 2022 return, and want to declare just the interest of $1.85 for each fund on my 2023 return. One part of me wants to just enter the 1099-R as is and just pay whatever the tax is on the total even though I already paid the tax on the principal on my 2022 return. It doesn't seem right to change the numbers on the 1099-R. Are there any other remedies for this?
‎February 4, 2024
5:37 PM