DanaB27
Expert Alumni

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.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"