Do I need to amend my return if I reported 1099-r distribution in 2021 taxes but didn’t actually get the official 1099-r until 2023 and was for 2022 with code 8j?

[jvirgi-gmail-com]

I contributed to a Roth IRA for 2021 but in 2022 found out I wasn’t allowed to contribute and had to withdrawal the contributions. Fidelity generated to report for amounts I needed to report and said I would get a 1099-r the following year. I used the values they provided and claimed them as taxable income for 2021. Now for my 2022 taxes I got the official 1099-R’s, and one of them has code PJ suggesting I filed properly by reporting that for 2021.

However a 2nd 1099-R has code 8J suggesting that needs reported for 2022.  However I had reported that amount as taxable and paid taxes on it in my 2021 return. I also just filed 2022 and reported it there since it seems it’s supposed to go under 2022. 

At this point do I need to amend my 2021 return to remove the taxable income I now put in for 2022?

[fanfare]

the taxable amount from "PJ" is the amount that goes on your 2021 return.

If you reported some other value when you e-Filed 1040, you need to amend to correct that.

do you have an explanation for why you got two different 1099-R forms ??

If NO, ask the custodian for the explanation.

@jvirgi-gmail-com 

[jvirgi-gmail-com]

When doing 2021 taxes, fidelity gave me a word document stating the earnings from the excess contributions that I'd have to report.  I didn't receive the actual 1099-R though until now for 2022.  My excess contribution earnings on the 1099-R had code PJ - so i properly reported for 2021.   But my spouse's 1099-R had code 8J meaning it should be into 2022, but i had put that in my 2021 earnings.  So I'm guessing i need to amend 2021 to remove those earnings as they should go into 2022.  

I guess the challenge was i didnt know which year the earnings were going to go until the 1099-R actually comes out the next year.

@fanfare 

[AmyC]

Fanfare is correct and it sounds like you were proactive in trying to do everything right. You can amend last year's return and remove the excess income to add to this year's for your spouse.