Hello - So to continue my saga regarding excess contributions to ROTH IRA, My wife and I have now received a 2023 Form 1099R reporting gross distributions...one with distribution code P and a separate 2023 Form 1099R with distribution code Q. I have already paid the penalty fee as well as interest owed. Now what?
- Are these distributions taxable?
- Will TT handle them appropriately?
Thank you for any insight you can provide to me.
