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1099-R Roth IRA excess removal - no taxable income
We have removed our 2021 Roth IRA excess contribution in 2022 before dead line so there is no penalty, but with a loss - no earnings, no income to report. We have just received our 2022 1099-R with PJ proving the above and with 0 taxable amount. Do we need to enter anything on our 2022 tax return, or we can simply ignore it?
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‎February 6, 2023
7:50 PM