@DanaB27 -- reaching out to see if I have this right. seems your response makes sense but I want to make sure I am putting in the right distribution codes on my 1099-R that I am going to include with my 2023 tax filing.
I made the excess Roth IRA contribution in 2023, but have corrected this in 2024 before the tax deadline of April 15, 2024.
I put the total distribution in Box 1 and the "gain" on that distribution in Box 2a. Now I am confused as what to select for Box 7 --- I think I should select code J and then code 8 (code 8 says it is return of contribution taxable in 2023) --- But in "forms" under "verify Box 7 distribution codes" there seems to be A4 and A5 choices that help explain what I am trying to do on my taxes. Do I check both box A4 and A5 ? Also, I am under 59 1/2 as this seems to be mentioned in the string as well.
Any guidance on this would be great. Just little confused on this form.
thanks
Dennis
