@fanfare
Hi again,
I did not end up doing what you advised and just waited to receive my 2024 1099-R form. They did use distribution codes of J and P. They placed $2604.78 in the gross distribution (1) but put "$0.00" in 2a taxable amount and checked marked "taxable amount not determined."
I am in the process of amending my 2023 taxes.
Questions-
1) I entered the 2024 1099-R form as it was sent in my amended 2023 taxes but how do I report the $67.78 excess earnings withdrawn to be able to pay taxes? Do I state it is a "substitute 1099-R form" and change the taxable amount to $67.78 and then write in the explanation that they did not add it in or is there another form I need to use to report these earnings?
2) Should this affect both my federal and state taxes for the earnings? I work and live in Maryland therefore my taxes are MD but this RothIRA bank is only in Florida where I am originally from and the state on it says FL and the address is my parents' Florida address. Will this affect anything?
3) Do I need to report the 2024 1099-R form on my 2024 taxes still?
Sorry I am just stressing over all this and just want this to finally be over.
