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Retirement tax questions
Thank you! I am creating the 1099R form. What code do I enter for box 7? I think it will be 8, J, or both. My main concern is that I am only taxed on the earnings, and not the excess contribution.
I withdrew $9437. $7000 was excess contribution for 2024, and $2437 was the earnings.
March 17, 2025
3:03 PM