3005902
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Return of contribution from Roth IRA

I had a 2021 contribution to a Roth IRA returned in 2022 before the tax deadline.  I received a 1099-R showing the distribution, with codes J and P.  

 

Is the amount supposed to be included on Form 1040, Line 4a?  The Form 8606 Instructions don't say anything about returns of contributions from the previous year.  

 

TurboTax doesn't include the amount, so I wanted to be sure.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
ThomasM125
Expert Alumni

Return of contribution from Roth IRA

No, the distribution won't show on your tax return in 2022 since the code "P" in box 7 means that it belongs in 2021.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
ThomasM125
Expert Alumni

Return of contribution from Roth IRA

No, the distribution won't show on your tax return in 2022 since the code "P" in box 7 means that it belongs in 2021.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question