Thank you so much for your response! Sorry, I just wanted to clarify. At the top of the post you mentioned there’s no need to report the $25 as overcontribution withdrawal income but at the bottom it says if you reported the overcontribution in 2023 as above. So do I need to report the $25 overcontribution withdrawal in my 2023 taxes anywhere or as you stated just remove the $25 from the retirement contributions on the business side (schedule 1) and just report the earnings in 2024? Sorry it’s just confusing with the two plans I have.
Thanks!
