Roth contribution for 2017 that had to be removed . It earned $610. Removed after I filed my 2017 tax return. I have a 1099 with P & J in the code box. How do I handle?
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Roth contribution for 2017 that had to be removed . It earned $610. Removed after I filed my 2017 tax return. I have a 1099 with P & J in the code box. How do I handle?
Roth contribution for 2017 that had to be removed . It earned $610. Removed after I filed my 2017 tax return. I have a 1099 with P & J in the code box. How do I handle?
If a 2018 1099-R then you must amend 2017 to enter it. The box 2a amount is taxable in 2017 and will also have a 10% penalty if you are under age 59 1/2.
Amended returns can only be mailed. It is suggested that it be mailed certified with return receipt (or other tracking service) to verify that the IRS receives it.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**