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Retirement tax questions
Hi Dana,
Just wanted to clarify your answer. You are saying that withdraw the excess contribution and the earnings before April 15th and don't show it this year's tax!? And add it when you get the 1099-R on tax year 2024! How IRS knows that I withdraw the amount? Should I deduct the over contribution amount from this years tax? Please clarify. Thanks.
‎April 2, 2024
3:22 PM