I have a 1099-R - return of excess contrib from a roth IRA. The code is J8. I am 61. I should not be paying a 10% penalty on the gain Do I request a corrected 1099-R?

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Level 15

Jun 6, 2019 9:31:16 AM

No. The 1099-R is correct. The "J" is required to say that it is a Roth.

After the 1099-R summary screen keep going in the interview, then it will ask if there are any exceptions to the penalty. Enter the 1099-R box 1 amount in the "Other" box for being over age 59 1/2.

Level 15

Jun 6, 2019 9:31:16 AM

No. The 1099-R is correct. The "J" is required to say that it is a Roth.

After the 1099-R summary screen keep going in the interview, then it will ask if there are any exceptions to the penalty. Enter the 1099-R box 1 amount in the "Other" box for being over age 59 1/2.

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I have a 1099-R - return of excess contrib from a roth IRA. The code is J8. I am 61. I should not be paying a 10% penalty on the gain Do I request a corrected 1099-R?