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Retirement tax questions
@dmertz - Thanks for the quick response
1. Before posting I did enter it in a 1099R but my mistake was not going through the entire process and answering the followup questions which is why it was taxing me. This is what I see now on Form 5329.
To answer your question in #2 above, I removed the 2020 excess contribution in anticipation (and calculations) that I would be ineligible, but that turned out to be incorrect. I believe that is also why I am seeing the $7000 on line 19.
Even though I am eligible to contribute, I think I am going to stay away from doing that this year just to stay away from any more complications in filing.
‎April 14, 2021
6:28 PM