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Do I need to amend my 2015 taxes for an excess contribution to a Roth IRA for which I received a 1099-R in 2016?
I over contributed to my Roth IRA by $678.71 for tax year 2015 (contribution was made in March of 2016). I made the total contribution on March 8, 2016 then quickly discovered the over contribution and had the excess removed on March 11, 2016. This year I received the 1099-R (year 2016) with Box 1: $678.71 and 2a: $0.00 and Box 7: P, J. When I put this into TurboTax this year it said I may have to amend my 2015 taxes. I just want to confirm this and see how to do that.
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‎June 6, 2019
2:51 AM