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Retirement tax questions
1. $802 earnings are taxable, $7,000 not taxable as they are withdrawals of Roth IRA contributions.
2.The answer should be No as you withdrew the excess contribution.
3. The answer is No
4. You should 0 as the excess contribution has been withdrawn.
5. The answer is No.
6. On your 2024 tax return, answer that the 1099-R with code PJ is for 2025.
[Edited 03/10/25 | 12:00 PM PST]
@jackkgan I have edited point 6 above.
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March 10, 2025
9:25 AM