Thank you for clarifying that. Very helpful!
One quick follow-up. For the two 1099-Rs I am expecting to receive in Jan' 26:
- The 1099-R Showing the $13.32 in Earnings: I understand that I will include the earnings as taxable income for 2025 on my 2025 return.
- The 1099-R Showing Return of the $433.00 Excess Contributions: Should I enter any info from this 1099-R on my 2025 return? Or, just ignore it?
Thank you.
