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1099R Box 7
On my excess traditional IRA contribution withdrawal before tax due date, can I only have one code P in Box 7 of 1099R as I can't find an applicable second code as I am over 59 1/2 so code 1 will trigger additional tax on early withdrawal of which I should not be. Since it's a traditional IRA so B and J not works for me as well. Any advise or I can go with just one code?
Thanks.
March 15, 2024
8:46 AM