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Deductions & credits
See HERE under " JD caseras129 and Dianne C958" for the complete detail in how to handle an excess contribution withdrawn before the filing due date. You would have to enter a 1099R as if you already received it. As far as the earnings to report, you would need to call your plan administrator for that info and report it as taxable earnings on Box 2a on the 1099R input as well as about getting the corrected Form 5498 from them as well which will now not show the IRA contribution amount.
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March 29, 2023
12:08 PM