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Deductions & credits
Most excellent response dmertz! Left me no doubt as to what to do. For the sake of anyone else reading this, please confirm what I'm already sure of (I think), that since the over-contribution wasn't allowed, once it's withdrawn it does not have to be used for medical expenses.
Additionally, since I didn't know I wasn't supposed to be contributing once on Medicare, I have already contributed this year, which I will stop immediately. Will I be facing the same thing next tax season? I'm assuming I may as well go ahead and withdraw those funds?
Thanks again!
‎February 24, 2020
4:27 AM