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Retirement tax questions
No, don't enter anything in your 2019 taxes if you withdrew the excess Roth before the due date of your 2019 tax return. And, because you have a loss for the period of time before the excess contribution was withdrawn, you won't need to amend your 2019 tax return when you get the 2020 1099-R because there are no earnings to report.
That 2020 1099-R will report the excess contribution minus the loss in box 1, a zero in box 2a and a code JP in box 7. The JP code tells that IRS that it was the withdrawal of an excess contribution from a Roth by the due date, and the zero in box 2a tells the IRS there is no income to report.
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‎April 4, 2020
8:13 AM