Guest cmoczy Posted March 28, 2006 Posted March 28, 2006 Due to income factors, discovered I had an excess Roth contribution and requested the return of such. My problem is I am over 59 1/2 and yet the taxable earnings on the 1099-R indicate code 8J (8 = excess contributions plus earnings taxable in 2005; J = Early distribution from Roth IRA). The "J" triggers the 10% penalty on early withdrawal. Is this correct? If not, how should I proceed? Thanks in advance!
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