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Level 3
Feb 27, 2022 1:05 AM UTC
Question

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

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
Feb 27, 2022 9:48 PM UTC

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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