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Retirement tax questions
Thank you for your response.
I don't have a 2024 1099-R form. I received two 2023 1099-R forms, for the two separate withdrawals - one relating to 2022 contributions, and one relating to the 2023 contributions. I mistakenly reported both of these on my 2023 tax return and paid 6% penalty on both. Where my Roth is held shows that I have no tax documents for 2024.
So given this, should I be amending my 2022 return or my 2023 return for the withdrawal of the 2022 contributions and penalty payment?
I know I need to amend 2023 because I paid too much in penalties, I'm just unclear on where to report the excess contributions for 2022 - amend 2022 and report there and amend 2023 and report none, or amend only 2023 and report 2022?
‎April 9, 2025
10:50 AM