Mar 4, 2024 · You will get a 2024 Form 1099-R in 2025 with codes P and J for the withdrawal of the excess Roth IRA contribution made in 2023 plus earnings. This 1099-R will have to be included on …

Apr 4, 2021 · I received roth ira distribution. 1099r shows it code J but it is qualified because it as all contribution, not earnings. Turbo tax is taxing it. How do I fix

Feb 13, 2025 · I converted $125,000 from a traditional IRA directly to a Roth IRA. What should the appropriate distribution code be? My distribution code listed on the 1099-R is "7" which appears to …

Jun 5, 2019 · D is the new 'nonqualified annuity distribution code'. The taxable amount of the distribution should still be indicated in Box 2a based on the differing rules depending on when the annuity was …

Mar 3, 2025 · See: All box 7 codes for Form 1099-R. Your 1099-R from the distribution of the traditional IRA funds will say code 2 in box 7 (or code 7 if your age is over 59 ½) . For a T raditional IRA to Roth …

Jun 7, 2019 · The code (s) in Box 7 of your 1099-R helps identify the type of distribution you received. We use these codes and your answers to some interview questions to determine if your distribution …

Mar 28, 2022 · So I withdrew all the contributions and their earnings, however now I've received a 1099-R showing the codes 'PJ'. TurboTax is advising me that I need to file an amendment for the 2020 tax …

Jun 6, 2019 · Enter the Form 1099-R exactly as received by entering both codes 1 and B. These two codes together indicate that you made a distribution from a Roth account in a qualified retirement …

May 5, 2020 · I received a 1099R for my 2018 taxes with and M1 distribution code. I included it on my 2018 taxes, paid the income taxes, and the additional 10% early withdrawal penalty. I then received …