Form 1099-R distributions of excess Roth IRA contributions
For distributions of excess Roth IRA contributions, report the gross distribution in
box 1
and only the earnings in box 2a
. Enter code 8
or P
as needed in box 7
. Enter X
in the IRA/SEP/SIMPLE
checkbox.Refer to the instructions for Forms 1099-R, 5498, and 8606, as well as IRS Publications 590-A and 590-B for precise reporting guidelines. For additional details about Roth IRA distributions, contributions, and recharacterizations, refer to IRS Notices 98-50 and 1998-39 I.R.B.
