monstera13
Returning Member

Retirement tax questions

Thanks for your input. The custodian didn’t have any issue with withdrawing excess contribution. Anyway additional $600 was withdrawn to make the total amount withdrawn to $6000 so that I wouldn’t have to pay 6% penalty on excess contribution.

 

I can get it fixed if I manually put in for 1099R with total of $6000 in box 1 and distribution code J instead of PJ. Is that the way to go ?