@colie-bops wrote:
@macuser_22 Oh, I see! This is starting to make sense now. Yes, I took the money out, but had obviously earned "earnings" on that over contribution I had put in, and that is what I am being taxed on, and then therefore need to report on my 2019 tax return. Ah, yes, so I neglected to figure the amount of earnings from the amount I took out, which is why I am being asked to amend.
That is correct, but what "penalty" did you pay since the 1099-R box 2a earnings are the ONLY thing that must be reported.
**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.**
