Hi,
My tax situation is similar - that is I withdrew an excess contribution for 2021 with a loss. My understanding is that I will not receive a 2021 1099-R as the withdrawal is being processed (pending transfer). Since I've filed an extension for 2021 tax year, I will have until Oct 17 to file.
Am I correct that I do not need to report anything extra? Simply, treat the 2021 excess contribution as non-existent (not reporting it) as the withdrawal results in a net loss, despite the fact that the brokerage firm might report it later via 1099-R?
