topic Excess Roth IRA contribution correction reported as J in 1099-R to IRA in Retirement tax questions

Excess Roth IRA contribution correction reported as J in 1099-R to IRA

nrenuga — Tue, 03 Feb 2026 10:11:51 GMT

I accidentally over contributed to my Roth IRA in 2020 and 2021. I withdrew the excess funds in early 2022 to correct this mistake before the 2021 tax filing deadline. Vanguard reported these distributions as early distributions J, but they shouldn't be because they were simply a correction of my previous errors. I have already paid a penalty ($80) for the 2020 excess contribution ($1336). Now got a CP2000 from IRA for these distribution.

Re: Excess Roth IRA contribution correction reported as J in 1099-R to IRA

fanfare — Tue, 18 Feb 2025 01:48:07 GMT

see IRS Topic 652 for how to dispute and maybe you can explain what happened in writing.

Caution: it may take many months to a year to handle it in this manner.

@nrenuga

Re: Excess Roth IRA contribution correction reported as J in 1099-R to IRA

fanfare — Tue, 18 Feb 2025 01:51:27 GMT

The deadline for amending a 2021 tax return for a refund is near. April 15 2025

@nrenuga