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report return of excess contribution
Hi, I've contributed ROTH IRA $2000 in march 2021, then had to withdraw all on January 2022 due to too high MAGI. I sent request to my broker, Fidelity, to withdraw all my contribution. They have calculated and then returned amount of $1944 . My questions are
1, Since I don't have gains, I don't own any TAX or penalty, right?
2, If I don't own any TAX/penalty can I report the return of excess contribution on my 2021 return instead of doing amendment after receive1099R in 2023?
3, If I file ROE on 2021 return without 1099R, for BOX2 " taxable amount should be 0", right? What code do I enter box 7?
‎February 5, 2022
6:08 AM