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Retirement tax questions
They said they couldn't guarantee the codes since the transaction hasn't happened yet and the form has not been generated.
1099-R has no code 12. You had told me P and J. The financial had told me P and J. Some websites I had gone to say P and J - "Roth IRA - Excess contribution removed in year following contribution year (by applicable tax return due date)".
I did as you suggested "If you are over 59 1/2 then on the "Lets see if we can lower your tax bill" enter the box 2a amount in the "Another Reason" box to eliminate the 10% early withdrawal penalty on the earnings." So my taxes were not affected.
1099-R has no code 12. You had told me P and J. The financial had told me P and J. Some websites I had gone to say P and J - "Roth IRA - Excess contribution removed in year following contribution year (by applicable tax return due date)".
I did as you suggested "If you are over 59 1/2 then on the "Lets see if we can lower your tax bill" enter the box 2a amount in the "Another Reason" box to eliminate the 10% early withdrawal penalty on the earnings." So my taxes were not affected.
‎June 4, 2019
11:06 PM