Hello Community,
In early 2024, we had an excess IRA contribution that we fixed and correctly claimed on our 2023 tax return. In early 2025, we received the 1099-R for 2024. Since I correctly claimed this on my 2023 tax return, my question is on my 2024 tax return how do I report this ? The 1099-R for 2024 is showing code PJ.
Trying to figure out how to correctly report this on my 2024 tax return and not pay taxes on it, since I already handled this correctly on my 2023 tax return.
Any guidance or direction before I start my 2024 tax return would be great. Thanks again.
