mabidi
New Member

In the 2023 tax had excess contribution. Got 1099R. Line#1 $5777.66 Line#2 $1517.66. Excess removed b4 the tax deadline. Is Form 5329 required to report $1518

$5777.66 IS THE EXCESS CONTRIBUTION REMOVAL FROM THE ROTH IRA ACCOUNT FOR THE YEAR 2024. 03/29/2024 - Contribution - TY 2024 $ 5777.66 INDIVID CONTRIB - CURR YR; IRA/110/C/X/I 03/29/2024 - Distribution - TY 2024 $ 1517.66 REFUND OF EXCESS PRIOR YEAR; IRA/651/C/T 03/29/2024 - Distribution - TY 2024 $ 4260 REFUND OF EXCESS PRIOR YEAR; IRA/651/C/X