DanaB27
Employee Tax Expert

Retirement tax questions

For the return of an Roth IRA excess contribution the Form 1099-R should have codes P and J since code P only indicates the removal of an excess deferral. You might want to inform your financial institution. 

 

You do not need to amend your 2022 return since you had no earnings and therefore you have no taxable income to report.

 

 

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