The following is the reply from Vanguard concerning my husband's 1099R item one gross distribution of $5,361.13 for 2021 and $2,695 for 2022.
"I will provide a blanket statement saying you should consult with a tax
professional on this matter. They will be able to help you file your taxes
appropriately and clarify what information is needed when you go to file. A
tax preparer is also going to be able to help you find out what amount of
tax (if any) is owed because of this excess contribution.
Vanguard does not keep a log for it's clients as to which amount was
considered contributions because every tax payers individual situation is
different, it would be impossible for us to know who decided to deduct IRA
contributions on their tax form versus those who did not. We as well as
other financial institutions leave the contribution figures up to the
individual tax payer to show the IRS.
I am confident that your tax professional that you meet with would be able
to alleviate some of these questions and provide you with good advice to
ensure your taxes are filed properly. "
Is it true, the tax professional can figure out the information and help my husband to amend his 2021 tax return?
Thanks.
