When do I use 1099-R data? I got a 1099-R for 2017 which has code "J" indicating it's for 2016 tax year. Do I use this for amended 2016 return or for my 2017 return?

[tapremark]

 I made a contribution in 2016 to my Roth IRA.  When doing my taxes in 2017 for the year 2016 TT informed me that because of a too-high AGI, I was ineligible to make the contribution. I withdrew the contribution plus earnings from the Roth before the tax deadline in 2017. Now, in 2018 I got a 1099-R for tax year 2017 showing the withdrawal. When entering this in TT this caused TT to tell me that I should file an amended return for 2016. Looking at other similar questions, it appears that I should do an amended 2016 return, manually entering the 1099-R information and then selecting year 2017 for the year on the 1099-R. Is this correct? I am well over the 59 ½ age limit, so there would be no question of an early withdrawal penalty.

If I do this, would that mean that I would then ignore the 1099-R when doing my 2017 taxes?

[macuser_22]

A code J indicated it is a Roth distribution and the Roth owner is under age 59 1/2.    It does not indicate the year - the 2017 1099-R indicated the year.

Is there a 2nd code besides the J in box 7 like a JP?

[tapremark]

Yes.it is JP

[macuser_22 · Accepted solution]

A code JP is taxable on an amended 2016 tax return.   The taxable amount should be in box 2a.  When entering in the 2016 program  it will ask if it is a 2016 or 2017 1099-R - say 2017.

[tapremark]

Would I then just ignore the 2017 1099-R when doing my 2017 taxes?

[macuser_22]

Entering a code JP in 2017 will just say to amend 2016 and does nothing in 2017. No need to enter in 2017.