https://ttlc.intuit.com/community/retirement/discussion/i-mad-360-excess-contributions-to-my-roth-ira-in-2020-i-had-the-360-removed-and-the-extra-earnings/01/1999354#M133612 I would like to claim the additional income in 2020 so I dont have to amend in 2021 when the 1099R comes. how do I do that? Sat, 27 Feb 2021 19:30:51 GMT yancy350 2021-02-27T19:30:51Z https://ttlc.intuit.com/community/retirement/discussion/i-mad-360-excess-contributions-to-my-roth-ira-in-2020-i-had-the-360-removed-and-the-extra-earnings/01/1999354#M133612 I would like to claim the additional income in 2020 so I dont have to amend in 2021 when the 1099R comes. how do I do that? Sat, 27 Feb 2021 19:30:51 GMT https://ttlc.intuit.com/community/retirement/discussion/i-mad-360-excess-contributions-to-my-roth-ira-in-2020-i-had-the-360-removed-and-the-extra-earnings/01/1999354#M133612 yancy350 2021-02-27T19:30:51Z https://ttlc.intuit.com/community/retirement/discussion/re-i-mad-360-excess-contributions-to-my-roth-ira-in-2020-i-had-the-360-removed-and-the-extra-e/01/1999463#M133626 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Please follow these steps to create a 1099-R to include the earnings from the excess contributions on your 2020:</SPAN></SPAN></P> <OL> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Login to your TurboTax Account&nbsp;</SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Click on the Search box on the top and type “<STRONG>1099-R” </STRONG></SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Click on “<STRONG>Jump to 1099-R”</STRONG></SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select "<STRONG>I'll type it in myself</STRONG>"</SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Box 1 enter total distribution (contribution plus earning)</SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Box 2 enter the earnings</SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Box 7 enter P and J&nbsp;</SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">On the "<STRONG>Which year on Form 1099-R</STRONG>" screen say that this is a 2021 1099-R.</SPAN></SPAN></LI> </OL> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Please be aware, if you had taxes withheld then you will have to enter the 1099-R also on your 2021 return to get credit for the taxes paid.&nbsp;</SPAN></SPAN></P> <P><SPAN style="font-size:11.0pt"><SPAN style="font-family:Calibri">&nbsp;</SPAN></SPAN></P> <P><SPAN style="font-size:11.0pt"><SPAN style="font-family:Calibri">&nbsp;</SPAN></SPAN></P> <P>&nbsp;</P> Sat, 27 Feb 2021 19:45:36 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-mad-360-excess-contributions-to-my-roth-ira-in-2020-i-had-the-360-removed-and-the-extra-e/01/1999463#M133626 DanaB27 2021-02-27T19:45:36Z https://ttlc.intuit.com/community/retirement/discussion/re-i-mad-360-excess-contributions-to-my-roth-ira-in-2020-i-had-the-360-removed-and-the-extra-e/01/1999519#M133632 <P>do I need to mark that it is a substitute 1099R?</P> Sat, 27 Feb 2021 19:54:22 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-mad-360-excess-contributions-to-my-roth-ira-in-2020-i-had-the-360-removed-and-the-extra-e/01/1999519#M133632 yancy350 2021-02-27T19:54:22Z https://ttlc.intuit.com/community/retirement/discussion/re-i-mad-360-excess-contributions-to-my-roth-ira-in-2020-i-had-the-360-removed-and-the-extra-e/01/1999586#M133636 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">No, if you mark it a substitute 1099-R then you might not able to e-file your return.</SPAN></SPAN></P> Sat, 27 Feb 2021 20:02:54 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-mad-360-excess-contributions-to-my-roth-ira-in-2020-i-had-the-360-removed-and-the-extra-e/01/1999586#M133636 DanaB27 2021-02-27T20:02:54Z https://ttlc.intuit.com/community/retirement/discussion/re-i-mad-360-excess-contributions-to-my-roth-ira-in-2020-i-had-the-360-removed-and-the-extra-e/01/1999693#M133650 <P>all worked except the Payers TIN # this is my first year with this company so can I just call them for that info?&nbsp;</P> Sat, 27 Feb 2021 20:18:09 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-mad-360-excess-contributions-to-my-roth-ira-in-2020-i-had-the-360-removed-and-the-extra-e/01/1999693#M133650 yancy350 2021-02-27T20:18:09Z https://ttlc.intuit.com/community/retirement/discussion/re-i-mad-360-excess-contributions-to-my-roth-ira-in-2020-i-had-the-360-removed-and-the-extra-e/01/1999733#M133658 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Yes, you can contact your bank for the Payers TIN #.</SPAN></SPAN></P> Sat, 27 Feb 2021 20:23:31 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-mad-360-excess-contributions-to-my-roth-ira-in-2020-i-had-the-360-removed-and-the-extra-e/01/1999733#M133658 DanaB27 2021-02-27T20:23:31Z