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Deductions & credits
Thanks for the explanation for addressing the excess contribution years after failing to correct in the tax year of the excess contribution.
I have been showing the excess contribution in my taxes for the 2 years since it was made.
Given that, sounds like I can simply withdraw the excess contribution itself and get things cleared up when I file my 2022 taxes next year.
Again, I do appreciate the detailed explanation.
March 10, 2022
6:34 PM
2,717 Views