I made a contribution
in 2016 to my Roth IRA. When doing my
taxes in 2017 for the year 2016 TT informed me that because of a too-high AGI,
I was ineligible to make the contribution. I withdrew the contribution plus
earnings from the Roth before the tax deadline in 2017. Now, in 2018 I got a
1099-R for tax year 2017 showing the withdrawal. When entering this in TT this
caused TT to tell me that I should file an amended return for 2016. Looking at
other similar questions, it appears that I should do an amended 2016 return,
manually entering the 1099-R information and then selecting year 2017 for the
year on the 1099-R. Is this correct? I am well over the 59 ½ age limit, so
there would be no question of an early withdrawal penalty.
If I do this, would that mean that I would then ignore the
1099-R when doing my 2017 taxes?
