@mam62tt wrote:
Hello,
I have a similar situation as you had with a 2021 excess Roth IRA contribution that I removed in 2022 with a loss. I am still very confused reading through the threads and tried the instructions but still get the 6% penalty. Did you ever get your situation corrected and if so how? Any assistance you can provide would be greatly appreciated.
Thanks!
Did you receive a 1099-R and if you did then what code(s) are in box 7?
If no 1099-R then return to the Roth IRA contribution interview and remove the excess amount in the interview since it was not in your account at the time of filing.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
