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Deductions & credits
Yes, we followed steps 1-8 to get to this point. We did have an over contribution from last year, but we withdrew it prior to April 15, 2021. Yet there's no option to state that we corrected the over contribution from the prior year. I only see options stating:
- We'll withdraw the full $2,750 excess contribution by April 18
- We'll withdraw some of the excess contribution by April 18
- No, we're not going to make this withdrawal
What's the impact if I check option 1, even though we withdrew our excess from last year, and just withdraw our $125 from this year?
‎April 11, 2022
8:33 AM