DanaB27
Expert Alumni

Retirement tax questions

It depends, code J indicates a regular distribution and this would apply if you requested to remove the 2022 excess contribution after October 16th, 2023.

 

A 2023 Form 1099-R with code P and J indicates that you removed a 2022 excess contribution made in 2022 plus earnings in 2023 before the due date.

 

A 2023 Form 1099-R with code 8 and J indicates either that you removed a 2022 excess contribution made in 2023 plus earnings in 2023 (before the due date) or that you removed a 2023 excess contribution made in 2023 plus earnings in 2023.

 

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