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Withdrawn Excess Roth IRA Contributions
I made $7k excess Roth IRA contributions in 2021. I just contacted my broker and this contribution has been withdrawn and moved to a non-retirement account in kind. I did not elect to withhold any earnings because the exact amount could not be determined. Rather I was advised to wait for the 1099-R to come next year and file an amended return to account for the earnings. My questions are these: 1. Under "Enter your Roth IRA Contributions" do I enter the $7k? 2. Under "Enter Excess Contributions" do I enter the $7k? Thanks!
‎April 11, 2022
7:42 AM