topic Can I enter a 1099-R for removal of an excess Roth IRA contribution myself? How do I enter the 1099-R if the excess contribution generated a loss (negative earnings)? in Retirement tax questions

Can I enter a 1099-R for removal of an excess Roth IRA contribution myself? How do I enter the 1099-R if the excess contribution generated a loss (negative earnings)?

alexjanestein — Mon, 09 Mar 2026 08:30:25 GMT

Re: Can I enter a 1099-R for removal of an excess Roth IRA contribution myself? How do I enter th...

DaveF1006 — Thu, 10 Mar 2022 23:41:41 GMT

To clarify, what do you mean by negative earnings?

Re: Can I enter a 1099-R for removal of an excess Roth IRA contribution myself? How do I enter th...

alexjanestein — Sat, 12 Mar 2022 21:52:21 GMT

The excess contribution actually generated a loss. So when I removed the excess contribution the amount that was removed was the original contribution minus the loss.

Re: Can I enter a 1099-R for removal of an excess Roth IRA contribution myself? How do I enter th...

FangxiaL — Sat, 12 Mar 2022 22:30:31 GMT

You can report the removal on your 2021 return so that you can ignore the 2022 1099-R you will receive in 2023.

To create a 1099-R in your 2021 return please follow the steps below:

Open your return
Click on the "Search" on the top and type “1099-R”
Click on “Jump to 1099-R”
Select "I'll type it in myself"
Box 1 enter total distribution (contribution plus earning)
Box 2 enter the earnings
Box 7 enter P and J
On the "Which year on Form 1099-R" screen say that this is a 2022 1099-R.

Since you had a loss, do not enter it in box 2a.

@alexjanestein