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Withdrew Excess 2019 Roth IRA Contribution + Earnings - What Year do Earnings Get Filed?
I had an excess Roth IRA contribution for 2019, that I just withdrew (plus earnings). My IRA brokerage say that I should be receiving a 1099R for 2020. Do I claim the earnings as taxable on my 2020 taxes, or do I have to go back and claim them on my 2019 return? I'm confused because some of the earnings will presumably have been earned in 2019 and some in 2020. I'm trying to wrap this up by Oct 15. Thank you!
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‎October 12, 2020
3:06 PM