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.**