Due to a miscalculation by our (soon-to-be FORMER) financial advisor, my husband's contribution to his 1998 Roth IRA was $2010, $10 over his contribution limit. The excess $10 was withdrawn BEFORE the due date of the 1998 tax return. (Date of withdrawal April 9, 1999) However, before it was withdrawn, the $10 received .79 in earnings. The $10.79 was sent directly to us, not reinvested. We received a 1999 Form 1099-R (Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.) for the $10.79. The form included the following information: Line 1) Gross distribution: $10.79Line 2a) Taxable amount: $ .79Line 2b) Total Distribution: NOLine 7a) Distribution code: JP Line 7b) IRA/SEP/SIMPLE distribution: NO Would anyone be able to tell me which form(s) I would need to file this information. I am preparing our taxes, and this is one area that I have been spending days.. yes DAYS trying to figure out. And I'm still stumped. So any help anyone can give me would be greatly appreciated. Thank you.
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