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Besides this years 6% penalty on form 5329 on 2022 return - Will the 10% penalty on the withdrawn amount be payable on 2023 return ?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