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Get your taxes done using TurboTax
Don't worry. Wait until T. Rowe Price has processed the request and sent you the $1,000. Once that happens, contact them again and tell them that the distribution was a return of contribution for your 2023 contribution. It will just be a matter of them re-coding the distribution in their system. It will be as if you never made the contribution, therefore you will report an IRA contribution of $5,600 on Form 8606 for 2023.
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March 5, 2024
7:59 PM