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Retirement tax questions
Thanks Dana for all this insight.
So the $2000 I removed I will be getting a 1099-R in Spring 22' to Amend for the 2020 Tax Return.
If I close the Roth IRA today before April 15th deadline it would count towards 2021's return not 2020?
Would these two things show up together when I get my 1099 in the Spring 22'?
But to be clear once I close the account this week, my extra earnings from the original excess removal bumping up my MAGI would in essence no longer be a problem because the Roth IRA doesn't exist anymore?
March 14, 2021
10:32 AM