DanaB27
Employee Tax Expert

Retirement tax questions

You do not need to amend your 2022 tax return to include the 2023 Form 1099-R for the removed excess contribution since you had a loss. Only earnings would be taxable in 2022.

 

If you insist on amending your 2022 tax return, then you can enter Form 1099-R as regular Form 1099-R and just enter the correct codes P and J.

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