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Get your taxes done using TurboTax
Hi:
If my Excess contribution had a loss, how would I report this loss with a make up 1099R in my 2020 tax so I don't have to file amended tax next year? Or would I have to file amended tax if my 2022 1099R on this Excess refund if I have a loss? If I don't have to file amended tax return next year because of the loss, I'd like to skip trying to make up a 1099R to include it in this year's tax filing of 2020Tax.
Thanks,
March 28, 2021
5:05 PM