You have been Very Helpful . My Last Question : I am working to Fix my Typo ( I am not sure if this happens or not , or when ) and If i file my taxes now in such a way where i don't agree to withdraw the excess contribution and pay the tax on $980 and the 59$ ( 6% penalty) . And then later suppose on April 5 , the bank fixes the issue , and refunds me the money . I should be able declare that refund of excess contribution in 2017 return ? as I don't want to go through the hassle of filing the amended return for $59.
