Hello experts,
I made a $7000 contribution to my IRA in early 2022 for 2021 tax year that turned out to be non deductible due to higher than anticipated income. I reported the contribution on form 8606 via TurboTax for 2021. I have received a taxable distribution for 2022.
- Can I get the non deductible contribution back as part of 2022 distributions tax free?
- What do I need to do for Federal and State (OR)?
Thank you.
