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Excess contribution removal wrongly coded as distribution
In 2021 I contributed the Roth IRA maximum of $6000, but my income grew and by the time of tax filing in 2022 I was not eligible to contribute to Roth IRA and I withdrew the full $6000 by the tax deadline date. However, Vanguard (IRA custodian) marked the excess contribution as "Distribution" for 2022. Now IRS is asking me to pay tax on distribution.
How can I change it as excess withdrawal and not as distribution?
Thanks!
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‎October 11, 2024
5:11 PM