Would it be possible for you to help me out with a similar situation? I overcontributed on both my 2022 and 2023 Roth IRAs. When I was doing my taxes in 2023 I was able to resolve my 2022 contributions by filing my 2023 taxes with two 1099-Rs: a 1099-R with PJ and a 1099-R with 8J distribution codes. Now I've got a 2024 1099-R with distribution codes PJ, presumably for my 2023 overcontributions (which I resolved before April 15th of 2023 but after I had already filed my taxes for that year), that I'm trying to add by amending my 2023 federal taxes.
I don't think I can safely ignore it, as there is a taxable amount in box 2a that I assume are the earnings on the returned excess contributions (the gross distribution in box 1, minus $6500). When I enter the 1099-R, however, I get the same issue as the previous user where I'm required to identify the plan as either a qualified retirement plan, nonqualified annuity, or modified endowment contract, none of which apply to my Roth IRA.
I did not get a 1099-R with distribution codes 8J this year.
Can I safely bypass amending the return, even if there's a taxable amount on the returned excess contributions? If not, what is the way to bypass the section about reducing the early withdrawal penalty?
Token number for 2023 amendment in progress: 1295112
@DanaB27
