excess contribution to IRA

[fanfare · Accepted solution]

There's no reason to involve your broker ; the Form 1099-R is correct based on your explanation.

@JGH1976 

[JGH1976]

Thank you very much for the answer!

So I need to do 3 amends plus 2023 return. It looks like a daunting task. I will give it a try and see how difficult it is. If it's too hard, maybe I will just ask an accountant or TurboTax to do the return for me.

Thank you again for your help.

[fanfare · Accepted solution]

How to amend is a whole other discussion.

I posted elsewhere how to do it for excess contributions, and other situations.

For paper filing you only attach new or changed Forms to 1040-X.

That means you would send 1040-X, Schedule 2 and Form 5329, and your check.

Do not include your old 1040 nor your revised 1040 because the Form 1040-X reflects any changes there and becomes your new tax return.
Mail to the address shown in the Instructions for 1040-X.

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Unless TurboTax is very cooperative, I suggest doing it by hand is the simplest way.

That's up to you.

Find the forms in fillable PDF at IRS.gov.

Start with 2020.

By the time you get to 2022 you will get the hang of it and know exactly what to do.

It's not rocket science.

Have fun.

@JGH1976 

[JGH1976]

Thanks.

I will do my best!