l141
Level 2

Deductions & credits

Yes, sorry. I've memorized this by now and forget that you don't have all the info. I was ineligible for all of 2022 and eligible for all of 2023, so I was able to make the full contribution this year of $3850.

 

I think you are right that my excess was ultimately from my personal contribution (the 2022 excess contribution withdrawal/redeposit to 2023 - $3650 + $50 earnings for a total of $3700). TurboTax did say I could remove the $1700. I clicked the button that I would and looked at the tax forms, I don't see anything coming in from Form 5329.

 

I think where I went wrong is I took an excess contribution withdrawal from my 2023 employer contributions, not the 2022 withdrawal/redeposit to 2023 (personal contribution). This was that whole date range thing I mentioned earlier. So I don't know where/how to report this. I figured the IRS probably cares which contributions I removed and wants the tax on the employer stuff. But maybe it doesn't matter as long as money came out? And I did already pay tax on $3700 of it. It doesn't look like Form 1099-SA specifies which particular $ were removed, just that X amount was removed.

 

If this does matter and I don't know if this is ok, but do you think I could redeposit the '2023 excess contribution withdrawal from employer contributions' and do an excess contribution withdrawal from the 'personal contributions'? It seems like that would 'fix' the issue, but I'm hesitant to do it since me trying 'fix' stuff is what got me into the current mess. I don't want to have another big headache next year...