DanaB27
Expert Alumni

Retirement tax questions

You should check with your financial institution but you most likely will get a 2025 Form 1099-R with codes 8 and J since you made the contribution in 2025 for 2024. This will be reported on your 2025 return.

 

Please make sure you you enter in the IRA contribution interview that you withdrew the excess contribution by the due date:

 

  1. Click on "Search" on the top right and type “IRA contributions”
  2. Click on “Jump to IRA contributions"
  3. Select “Roth IRA
  4. Enter the Roth IRA contribution
  5. Continue until the penalty screen and enter the excess contribution amount withdrawn.

 

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