I do not see a "comment" section within the TT 1099-R area in order to state there will be a 2024 11099-R. I only have codes to select. The code that I will be receiving from Vanguard is PJ.
If I enter PJ into the TT 2023 edition then it will be listed as a 2022 return of contribution.
I'm guessing that I'm supposed to enter 8J as the code 8 signifies current year 2023 return of contribution.
However, if I enter the J (early distribution from a Roth IRA) then I am assessed a 10% penalty on the earnings. I thought it was established with the Secure 2.0 Act of 2022 that this penalty goes away starting with 2023. So do I just not use the J even though next year the J will be on the 2024 1099-R? Or does TT not realize this J should not penalize me?
Here is what I've entered so far:
Box 1: $3593.80 Gross Distribution
Box 2a: $93.80 Taxable Amount
Box 3: $93.80 Capital Gains
Code 8 Return of contribution taxable in 2023
Code J Early distribution from a Roth IRA
@fanfare
