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Retirement tax questions
You probably don't need to Amend your 2022 return. TurboTax alerts you in the event that you may need to. Do you have any amounts in Box 2a, Taxable Amount?
If not, enter the 1099-R with Code P in your 2023 return as it was issued and it will not change your return; you are just reporting the return of the excess contribution from 2022 with no associated taxable earnings.
Here's more info on Form 1099-R with Code P.
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March 12, 2024
6:20 PM