Do I need to amend the 2024 tax return?

[Mei1]

Hi,

I had filed a 2024 tax return with form 4852 all passed no reject prior to receiving 1099R in year 2025.  Beginning year I just received the 2025 1099R that I had removed from the excess 2024 Roth contribution amount $9885 including capital gain $1885.  Please advise if I need to amend the 2024 tax since I did pay capital $1885 last year return, thank you.

[PII removed]

[DianeW777]

No, an amended return for 2024 is not needed. Follow the steps below to report your 1099-R on your 2025 tax return.

• P—Excess contributions plus earnings/excess deferrals (and/or earnings) taxable in 2024 or a previous year.

Steps to enter your 1099-R 2025:

1. Login to your TurboTax Account
2. Click on the 'Search' on the top right and type '1099-R'
3. Click on 'Jump to 1099-R'
4. Answer 'Yes' to 'Did you get a 1099-R in 2025?'
5. Select 'I'll type it in myself'
6. Box 1 enter total distribution (contribution plus earning)
7. Box 2a enter the earnings
8. Box 7 enter J and P
9. Click 'Continue'
10. On the 'Which year on Form 1099-R' screen say that this is a 2025 Form 1099-R.
11. Click 'Continue' after the 1099-R is entered and answer all the questions.
12. Continue until 'Did you use your IRA to pay for any of these expenses?' screen and enter the amount of earnings under 'Corrective distributions made before the due date of the return'.

[Mei1]

Hi DianeW777,

Thank you for your response.  I E-file 2025 tax already but I did catch your message earlier. 

The 2025 tax I see uploaded 1099R in Wage & Income box 1: $9885 and box 2: $1885.

But I don't see it showing as income reported in 2025.  

Please advise what I should do, thanks.

Mei