@RNTAX2025 wrote:
for the substitute 1099-R form for both IRA and Roth IRA, can you please confirm the correct selections for box 7?
Excess IRA contribution - Box 7 is selection number 2 for Early distributions, exception applies, what is the second selection?
Excess Roth IRA contribution - Box 7 is selection number 2 for Early distributions, exception applies, what is the second selection?
thanks!
No. For the excess Roth, use code P and J, not code 2. For the traditional IRA, use code 2 and P.
