Hello,
The 2020 amended is calculating the excess at $410. I was originally told I overfunded by $300 so withdrew that plus the earnings of $87. The 1099R is for $387 , $87 taxable.
The 2021 return is picking up $300 as the prior year excess on form 5329 - line 22/24. Should it be $300 or $410 ?
The 2020 amended return calculates the taxes on the $87 plus a $25 additional tax on line 25 increase
The 2021 return is also calculating another tax amount $18 on line 25 of 5329.
Very unclear - can somebody please clarify what is happening between the 2 returns and if I also owe the $18 in 2021.
Much appreciated!
