- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Incorrect. since your 2023 excessive Roth IRA withdrawal Will be reported in 2024 and will be on your 1099-r you receive in 2025 as a 2024 1099-r with codes J and P , you do not use code 8. A code 8 would be used if you withdrew the 2023 excessive Roth IRA in 2023. Since the excessive 2023 Roth IRA WAS withdrawn in 2024. It will have P and J.
March 27, 2024
11:15 AM