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Retirement tax questions
The corrected document was a 1099-B. The correction removed a large capital gain, which resulted in a lower AGI. The Roth IRA limit was not for earned income, it was for eligibility based on AGI.
Yes, I should enter correct information regardless of what my received documents say. In fact, I pointed out to the broker that I thought it was wrong, and they insisted that it was correct. Given my level of understanding, it was reasonable to assume that I was confused, and the broker had it right.
Six months later... a correction! What else can I do!
‎July 9, 2020
10:42 AM