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1099-R shows Code J for Roth excess contribution — how to proceed in TT even if custodian won’t correct?
I contributed $7,000 to a Roth IRA in 2024, then realized I was ineligible. I withdrew the full $7,000 plus $3,059.08 in earnings before the tax deadline. I requested my IRA custodian to process it as a return of excess contribution, but they issued a 1099-R with Code J and will not correct it.
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April 8, 2025
11:55 PM