I'm curious as to why you suggest using the Code1 for IRA distribution. Since all I have is Roth IRAs and if this is not going to show to the IRS.Because I knew it would generate the penalty on the positive earnings and I didn't know what the code for a corrective distribution of an excess Roth distribution before the due date was. If you want to look it up, check Form 1099-R.When all of this is said and done for 2007, what happens when Fidelity sends me a 1099-R in 2008 next year.It should be coded as a timely distribution of a 2007 excess contribution taxable in 2007.Phil
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