> I did not pay attention that you had no earnings on your excess contribution.
> Since you removed the excess by the due date, including extensions, you don't have to file anything.
My understanding is that removal of excess contribution is reported to the IRS. Won't they (IRS) demand a corresponding indication from the tax payer if he chooses not to file anything about it?
> The only exception would be if you got a Retirement Savings Contribution Credit; that would have to be paid back.
I got no Retirement Savings Contribution Credit nor Withholding Tax Amount, just a net loss.
Thanks
