topic For tax year 2018, I had excess Roth IRA contribution removed. It appears that any earnings removed are taxable for year contribution was made. I don't have 1099-R? in Retirement tax questions

For tax year 2018, I had excess Roth IRA contribution removed. It appears that any earnings removed are taxable for year contribution was made. I don't have 1099-R?

johnnyroastbeef — Tue, 27 Aug 2019 20:03:09 GMT

Re: For tax year 2018, I had excess Roth IRA contribution removed. It appears that any earnings removed are taxable for year contribution was made. I don't have 1099-R?

Critter — Tue, 27 Aug 2019 21:35:27 GMT

If the distribution happened in 2019 then it is reported on the 2019 return...you will get a 1099-R next January.

Re: For tax year 2018, I had excess Roth IRA contribution removed. It appears that any earnings removed are taxable for year contribution was made. I don't have 1099-R?

johnnyroastbeef — Tue, 27 Aug 2019 22:10:50 GMT

Right, but documentation states "You must report any interest earned on the tax return for the year that the excess contribution was made." Contribution made in 2018. Excess removed in 2019, prior to filing. Contribution amount adjusted on 2018 return to reflect the removal of the excess. I'll receive a 1099-R in 2020. When I have that, I'll submit an amendment to my 2018 return?