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Hi. I have a situation in which an IRA Contribution was made in error. It was withdrawn and no income was earned on it prior to the withdrawal. It was included on 5498.
All happened prior to Due Date of the Return.
What Tax Form needs to used in 2023 Filing so this does not show up as excess/unallowed IRA Contribution subject to 6% Tax?
In 2024 will be receiving the 1099-R showing the withdrawals.
What Tax Form needs to used in 2023 Filing so this does not show up as excess/unallowed IRA Contribution subject to 6% Tax?
In 2024 will be receiving the 1099-R showing the withdrawals.
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May 30, 2024
7:15 PM