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Retirement tax questions
Was the money actually returned to you or is it currently in a Roth IRA or still in the Traditional IRA? (There is no AGI limits to contribute to a Traditional IRA the limit is being able to *deduct* it.)
If in a Roth and it was recharacterized then the financial institution should issue a corrected 1099-R.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎April 19, 2021
1:18 PM