Hi @dmertz
I followed up with Webull, but they are refusing to correct the 1099-R coding. They insist that the distribution must be dual-coded with both J & P, even though this was an excess contribution removal after the deadline. Their response:
"Our back office operations team has confirmed this is the correct code for your situation and we will not make further adjustments. Code P will identify this as an excess contribution removal after the deadline, while code J indicates a premature distribution from a Roth IRA. I will attach an IRS link below detailing the different 1099-R codes and applicable situations they are used in. If you believe this is not accurate you can self report this distribution and have your tax advisor self report the distribution code they believe is most relevant."
Given this, how should I handle my tax return?
Also, do you work for TurboTax, and is there a way to hire you directly for tax preparation? I’d love to have someone as knowledgeable as you assist with this process.
Thanks again for your help!
