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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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March 23, 2024
9:52 AM