I requested a Return of 2015 Roth IRA Contribution due to excess in contribution. Since I made the original contribution in 2015 and now I'm preparing my 2015 Tax return, I don't have my 1099-R yet. While entering Form 1099-R, TurboTax prompted me to prepare the explanation statement. I'm plannning to put the following for my 2016 Form 1099-R will have: Box 1 = $6,200 Box 2a = 0 Box 7 = codes J. I got advice to put code "P" in box 7 as well, but code "P" read "Contribution Returned for Taxable income for 2014"; however, I'm taking money out for contribution for 2015 and preparing my 2015 return. Should I use code "8" instead? "8" is for "Contribution Returned for Taxalbe income for 2015"? Thanks.
