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Deductions & credits
Thanks @ThomasM125 -
As Unfortunately allowable contributions this year are too less.
I will have to take the distribution of the 2021 carry forward excess contribution as "Early Distribution - No Exceptions - I'm under the age of 591/2 with no known exceptions" - Correct ?
Besides this years 6% penalty on form 5329 on 2022 return - Will the 10% penalty on the withdrawn amount be payable on 2023 return ?
Besides filing 5329 with 2022 return what else needs to be done to avoid having to amend 2022 return in future ?
Regards
March 6, 2023
7:26 AM