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Retirement tax questions
Great tips......... I'm in the same boat. Just want to confirm that codes P and J in box 7 of the 1099-R is for ROTH IRA and not for a regular IRA.
Also, if I need to process a ROTH IRA Excess contribution for the 2022 tax year that I corrected in March 2024, where on the desktop version of the 2022 TurboTax version do I indicate the this a "Return of a ROTH IRA Contribution AFTER the Due Date of the Tax Return". I do not see any option anywhere and when it gets to the "Explanation" statement page, it constantly states "Return of a ROTH IRA Contribution BEFORE the Due Date of the Tax Return".
Do I just ignore this and state in the explanation it a correction AFTER the Tax Due Date?
‎April 7, 2024
12:41 PM