AlanT222
Expert Alumni

Retirement tax questions

In reference to your excess, you must indicate you will remove the excess this year.  Next year you will receive a 1099-R  for the distribution to report on your  2020 income tax return.  The distribution code will indicate that is a return of your contribution that will not be taxable.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post