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Deductions & credits
@cb0202 wrote:
Hello, thanks for responding. Upon checking my 1040 form tax,it just shows 8f as 350 as well on the 8889 form on line 8.
So, does it mean I can withdraw the 350?
If you actually have an excess, and told the IRS you would remove it, but then you don't remove it, you can be subject to penalties for every year that the excess remains in the account.
March 25, 2025
1:22 PM