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Get your taxes done using TurboTax
It depends. Enter the 1099-R the way it is and see if you receive an excess penalty amount based on the $129 amount. ($13) It may have been some kind of a fee that was charged for the inconvenience in handling the excess contribution. Usually it will say this in a disclosure statement that may have been included in the 1099-R sent.
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March 16, 2021
6:48 PM