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Retirement tax questions
hslettel,
Reading your post, the 1099-R was for putting too much money into the account, not for taking too much out of the account. The total of your direct IRA (Traditional+Roth) contributions are limited to the lesser of your earned income and $7,000 for ages 50 and up. You do have until April 15th to work with Vanguard to undo the error.
‎February 1, 2021
6:17 PM