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2023 1099R No Taxable Amount - Do I need to amend 2022 taxes?

Hello, I received a 2023 1099R for an excess Roth IRA contribution I made for tax year 2022. It is about 200 dollars and 0 taxable amount as I lost money at the time of withdrawal, code P & J. I withdrew this in March of 2023. I didn't include the 1099R in my tax year 2022 submission. My question is do I now need to go back and amend my 2022 taxes if I had no gain? 

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1 Reply
dmertz
Level 15

2023 1099R No Taxable Amount - Do I need to amend 2022 taxes?

Since you had no taxable gains, you don't need to amend your 2022 tax return to add the code PJ 2023 Form 1099-R.

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