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Retirement tax questions
@roth401excess wrote:
If the earnings ($160) were returned in 2020, but before April 15th, 2020, is that considered returned in the 2019 tax year? Would I be able to include that in my 2019 tax return or would I have to wait until 2020? Also, if I didn't receive a 1099R can I manually enter that in? If so, where would I do so?
If returned anytime in 2020 it goes on your 2020 tax return next year. You should receive the 1099-R by Jan 31, 2021. If it was a 401(k) Roth (Designated Roth) then there is nothing to enter in 2019.
**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.**
March 8, 2020
12:14 PM