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Retirement tax questions
Hi DanaB27,
I have seen your post for a similar situation Re: 2019 excesses_ This (your directions) is more related to my 2020 Tax Return...………...I searched so many places and every condition/situation talks as if there is always earnings from the (excess) Roth Cntribs., but what if there is a loss (Exmpl: Excess was $360 in 2020, custodian returned $284.xx to me)….Am assuming about $75.xx was a loss_
That said, what goes in Box 1 ($360, I gather, correct? or $284?) and nothing in Box 2a?_ I thank you kindly.
March 3, 2021
1:18 PM