Retirement tax questions

Correct.  You should receive a 2020 1099-R with a code 8 in box 7 to report the taxable earnings on your 2020 tax return.

 

Because 401(k) Roth contributions are after-tax money then  when  returned it is not a taxable event - there really is no place to report money that you already paid tax on and is not income.

 

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**