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Level 3
February 27, 2022
Question

How do you report 2021 1099R distributions with code Nand code J?

  • February 27, 2022
  • 1 reply
  • 5 views
The distributions came from the same Roth IRA.  Client was trying to correct improper 2020 Roth Contributions by Recharacterizing them.
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1 reply

qbteachmt
Level 15
February 27, 2022

There are multiple distributions?

Recharacterize from what to what?

Here is a help article:

https://proconnect.intuit.com/community/individual/help/entering-form-1099-r-in-an-individual-return/00/4738

This might also require Form 8606 and Form 5329 (tax/penalty).

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