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Ricky2
New Member

CP2000 in regard to missing 1099-R report for Roth IRA excess contribution

Hi, I made an excess 2014 Roth IRA contribution in 2014 March, but I also did make an early distribution in 2015 March to avoid this excess. 

However, I got a CP2000 noting that in tax year 2015 I forgot to report 1099-R (this 2015 1099-R show Line 2a as 0.00 taxable amount and Line 7 as Code J). 

In such case, what's the best practice to to correct this issue and answer this CP2000 notice? Also, if I need to do tax return amendment, which tax return year i should do the amendment? 2014 or 2015?

Thanks.

1 Reply
Hal_Al
Level 15

CP2000 in regard to missing 1099-R report for Roth IRA excess contribution

The 1099-R should have been reported on your 2015 tax return. When you follow the 1099-R interview, in TurboTax (TT), the box 1 amount would show on line 15a of form 1040 (line 11a on 1040A) and zero as the taxable amount on line 15b.

Since your bottom line will not change, a letter back to the IRS, explaining the circumstances should be adequate. If you do need to amend; it will be 2015.

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