Need your help in completing the 1099-R forms with the following scenario:
$2,000-excess contribution made in 2023 for tax year 2023
$600-excess contribution made in Jan of 2024 for tax year 2023
$100-earning from the $2,000 contribution made in 2023
$20-earning from $600 contribution made in 2024 for tax year 2023.
1. What amount do i report on 1099R line 1 and 2 for 2023?
2. What amount do i report on 1099R line 1 and 2 for 2024?
Thank you!
