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Get your taxes done using TurboTax
Another question is that if I do return the “mistaken distribution” and remove it as “excessive contribution” now, do I have to pay income tax on the excessive contribution again? I already paid that in last year’s return and I am assuming turbo tax will treat that as part of my income again this year and I have to pay tax twice, since I didn’t withdraw it correctly.
April 10, 2025
10:23 AM