I read the whole thread and I think I understand but just clarifying.
I removed 2019 excess ($670) in Jan 2021. I have the $40 (6%) on my 2020 taxes and I need to file an amendment for 2019 to pay the $40 for 2019. (Do I need to attach an explanation of why I'm amending somewhere? I saw that you're supposed to do that but I had Turbotax create the amended file and it didn't ask).
And then I'm done? Will I get/file a 1099-R in 2021? Since I took it out in 2021, the fee won't apply again in 2021, right?
Oh, also I don't think I need to file a CA state amendment for this, but do I need to tell CA that I amended the federal one? And if so, how would I do that?
Thanks so much! Just want to make sure I'm doing this right! I hired a CPA to ask questions, I called the IRS directly, I talked to the Turbotax live people, and I talked to my broker . . . and nobody knows what they're doing apparently because the CPA said I didn't need to file an amended tax return, the IRS said I needed to remove earnings too, the Turbotax live people always just want to look at my screen which wouldn't help anything, and the broker had no idea about tax implications. And all of that seemed wrong based on le google.
