2025 1099-R PJ in Box 7

[Drew3991]

Do I still need to file an amended return for 2024 if I received a 2025 1099-R with PJ in box 7? No additional taxes are owed from this 1099-R related to 2024 and the funds were contributed to a Roth-IRA so the contributions have already been taxed.

For me the funds were invested but withdrawn March 2025 so before the filing deadline. My withdrawn funds resulted in a loss. Original contribution was $7,000 and gross distribution in box 1 is $6,675.84. I have a PJ in box 7 and no information in any other box besides  a $0.00 in box 2a.

Thank you for your help!

[MaryK4]

No, because you removed the excess contribution form the account before the due date of the tax return, there is no penalty and you had no income to report on the return.