2023 taxes acidentally claimed a traditional IRA distribution

[Gigi471]

It should have been a contribution in 2023 and a distribution in 2024. Small amount $850. I already paid the distribution tax in 2023. Should I amend the 23 taxes or just pay the small tax again on 2024 taxes? I'm 60 so no penalties. 

Thank you!

[MinhT1]

If the distribution occurred in 2024, you should have a form 1099-R for it and you should enter that form in your tax return.

For 2023, as you have paid taxes on a distribution which did not exist, you can amend your return to get a refund of overpaid taxes.

Please read this TurboTax Help topic on how to amend a prior-year tax return.

[Gigi471]

Thank you,  I don't want to hassle with amending 2023 so I'll just pay the small amount of taxes again 😊