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Retirement tax questions
No, if your 2023 Form 1099-R shows codes 8 and J then you will enter it on your 2023 return.
When you remove a 2022 excess contribution made in 2022 plus earnings in 2023 then you should get a 2023 Form 1099-R with code P and J. The earnings are taxable in 2022.
When you remove a 2022 excess contribution made in 2023 plus earnings in 2023 then you should get a 2023 Form 1099-R with code 8 and J. The earnings are taxable in 2023.
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‎April 7, 2024
2:16 PM