tax124
Returning Member

Retirement tax questions

Thank you for all your replies. 

 

For 2024, I had e-filed already, without realizing that I had entered the amount for  "Corrective distributions made before the due date of the return" incorrectly.  I entered $8,047, which is both the excess amount contributed plus its earnings for 2024.  I should have only entered the 2024 earnings from box 2a of the 2024 Form 1099-R with code J8, which is $47.09.  All fields in both 1099-R forms were entered correctly when it was submitted.

 

For 2024, I worked on a draft to amend it to correct the field "Corrective distributions made before the due date of the return" to $47.09 (from previously $8,047).  At the end after edit was entered, TurboTax showed "We don't detect any differences between your original 2024 return and your amended return. If you're sure you need to amend, explain why below."  The amount shown in federal refund box is zero in the draft for the amend.  Do I still need to amend 2024 please?  Thank you for your help.