RobertB4444
Expert Alumni

Retirement tax questions

Since you're going to receive the 1099-R with the code 8 on it anyway then just enter the 8.  It makes it taxable in 2024 which is what would happen if it was a code 7, anyway.

 

For 2023 you can enter it as contributions to your IRA.  It's deductible this year and taxable next year.  Which is the reality of what happened.  

 

@dadwith3incollege 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"