In 2006 I over-contributed $2400 to a Roth IRA. So in 2008 I removed the excess contribution and filed a 2006 Form 5329 to pay the 10% + 6% penalty .
I still received a 2008 1099-R for the removal of my excess contributions. Can I ignore it for my 2008 return since I already took care of it with my 2006 5329?
What code is in Box 7?
-------------- Phil Marti, VITA Volunteer Clarksburg, MD
The code is J
Enter the Box 1 amount on line 15a of your 2008 1040 and zero on line 15b. See the instructions for the 1040 and Form 8606.
-------------- Phil Marti, VITA Volunteer Clarksburg, MD
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