gxt1
Level 3

Deductions & credits

Just for the sake of putting it out there, I did talk to the investment company and they will generate a 1099 for the reversed contribution earnings in the 2024 tax year. That makes sense to me but sure does seem to conflict with the IRS instructions to report the earnings on the 2023 return, and as already expressed ultimately leading to how to avoid getting taxed again on the earning in 2024.