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Retirement tax questions
When was the excess returned - 2019 or 2020? Have you receives a 1099-R?
How you report it depends on what year the excess contribution was for and the code that the plan administrator will but in box 7 on the 1099-R form and how the amount of earnings attributed to the excess are reported.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 22, 2020
10:48 AM