@bowhan0x wrote:
When the excessive contritution was returned to me in Feb last year, I have in fact followed your instruction #2 from this thread and reported this income in 2020's return as misc income. My question is what should I do now to avoid being double-taxed.
There is no double tax. It is NOT misc income. You need to amend 2020 and remove the misc income for a refund of that tax. It never should have been reported that way at all. It is ONLY entered as a 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.**
