VictorW9
Expert Alumni

Retirement tax questions

Get the custodian of the Roth to return the excess contribution and the earnings from the excess contribution. You will either wait and amend your 2019 return when you receive your 1099-R for 2019. Or you can enter a 1099-R with the information from the custodian with the excess contribution returned in box 1 and the earnings in box 2 which will be taxable along with codes JP on box 7. Then you will ignore the 1099-R you will receive next year. This way, you won't have to amend your 2019 return.

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