dmertz
Level 15

Retirement tax questions

Unlike to original poster, it appears that you have said that your contribution for 2023 was made in 2023.  If the contribution for 2023 was actually made in 2024 as was the case with the original poster, the IRA custodian will probably report the return of contribution on a code-8 2024 Form 1099-R which would mean that attributable net income would be reportable on your 2024 tax return.

 

With no tax withholding, the details of what you enter will not be included with your e-filed or mailed tax return.  Instead, the taxable amount from box 2a will just be included on Form 1040 line 4b.