Retirement tax questions

if I read you correctly,  

You intend to treat the amount on the 1099-R Box 1, which is in your account, as  a Traditional IRA contribution for 2024.

Report that contribution, and a) take a deduction, or b) make it non-deductible.

 

A 1099-R with code P1 and taxable amount zero can be ignored. There is nothing to do. 

 

@lewis-cartee