I made ROTH IRA contribution in 2019 and came to realize that it was in excess when I got to filing tax return. I have submitted the request to withdraw the excess amount completely prior to filing deadline of July 15, 2020. The request has been submitted but not processed yet (July 14, 2020)
@dmertz @DavidS127
I made $300 earning on 2019 Roth IRA investment during calendar year 2020.
Two questions:
1. Will I receive a revised 1099-R right away that needs to be reported in my 2019 Tax Return or will it go in 2020 Tax Return?
2. If I don't get 2019-R and get profit/loss statement on the account where excess was removed, where do I report it on my tax filing?
