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Retirement tax questions
The easiest (and maybe only way at this point) for you to end this is to claim the amount of earnings as a non-qualifying distribution.
So, in other words, if the earnings on the excess is 10.00 and you made a distribution of 100.00, (all used for medical) enter the 1099-SA for 100.00 and report that only 90.00 was used for medical.
You pay the penalty on the 10.00 earning, but it will end the year after year carryover.
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‎April 1, 2024
7:49 PM