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Help with Excess Contribution to IRA
I’ve made an IRA excess contribution in 2020, and just withdrew the excess amount. My broker noted that the 1099-R form will be issued in 2022, and I would not receive any additional form this year related to the contribution or the withdrawal.
Could you please let me know how I should report the items noted below in TurboTax:
- Initial contribution
- Excess amount withdrawal
- Earnings on the excess amount
Thanks,
April 4, 2021
8:13 PM