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Thanks for the response, but a clarification if I may:
The initial contribution was made in 2025 (for 2024), and the returned money and "interest" generated for the 3 weeks it was in there in March of 2025 was returned in March of 2025....
Wouldn't this interest be handled in the 2025 tax year, since it was generated in 2025? When the IRA handler said a 1099-R would be mailed out for the 2025 year, I thought that meant the "interest" would be taxable in 2025?
‎April 9, 2025
10:37 AM