In 2018 my wife and I contributed $6500 each to our individual ROTH IRA's. However, in doing my taxes in March of 2019 i recognized that due to my lack of earned income we couldn't make the contributions. I quickly called my broker and asked that they reverse the contribution and place the excess money in my regular securities account. They advised me that I could do this,but that we would be taxed for any interest we gained. They provided me the amount of interest gained and I filed a Form 4852 with my taxes. Form 4852 provides a substitute to Form 1099R if the financial institution can't provide an official 1099R in time for filing. With the calculated interest on the gain and explanations for the excess contributions I was content that I was now square with the IRS. My frustration is that in 2019, I have received 1099-Rs from our financial institution, essentially duplicating what I have already reconciled with the IRS in my 2018 tax filings. I already paid the tax on the excess contribution gains and now am asked to pay them again. The IRS has all this information with my filings, but how do I explain through Turbo-Tax that it's already done??! If I follow the Turbo instructions and list the two 1099R's I am informed that i need to file and amended 2018 return. HELP with my catch-22...
