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Retirement tax questions
So I will leave my contribution as $6,208, then the next box is "Enter Excess Contributions" - If I enter $208 it shows I owe the feds $12 because of the 6% tax on the excess. But I believe I would put $0 since I withdrew it before my tax return was due or is this where I'd put the $208? And finally it shows me "Contributions Withdrawn Before the Due Date" - I assume I'd also put $208 here.
I really appreciate the help, this specific situation has been stressing me out and you're information is really helping me get squared away.
‎February 5, 2021
5:37 PM