I received two 1099-R, one from tradition IRA and one from Roth IRA. 1099R Roth only contains 7000 contribution. do i need to upload this one ?

Forum|Forum|1 year ago
March 3, 2025
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i tried upload it , but system asked me to explain the return of contribution .. i didnt received a return ! how am i supposed to do ?

DanaB27

Yes, you generally you need to enter all Form 1099-Rs received. What is the code in box 7 for the Roth IRA? What is the code in box 7 for the traditional IRA?

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re2141Author

thank you very much for the help .

the 1099R from Roth account only contains box1 $7000 and box 7: 8J. all other boxes are either empty or 0.

Does this 1099R mean I received a return of contribution ??? at least this is how TurboTax interpret it....I was asked to provide explanation by TurboTax.

DanaB27

Codes 8J indicate that you had an excess contribution and asked to withdraw the excess contribution plus earnings. Only the earnings would be taxable. But it seems you didn't have any earnings if box 2a has $0. Therefore, you don't have taxable income from this distribution and all you need to do is fill out the explanation statement.

If you didn't request the withdrawal of an excess contribution plus earnings then check with your financial institution.

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