I wrote the above before you indicated the penalty is intact. sorry . and I understand that if he has earnings he has to amend the 2023 return.
Mine also says 0 in the earnings box but I cant understand how there were no earnings in the maybe 3-4 wks it was in there. I didn't ask explicitly for them to withdraw associated earnings because that seemed so obvious. But the person above says he did take out the 68.00 so not clear why it said 0.
. I have now asked my ex-custodian what the earnings were as I have no other way of knowing and if I'm right have a few days to withdraw those earnings as a distribution and avoid the 6% penalty from what I have read. and this is true even if I get an extension, which I likely will.
If there were no earnings but decrease in value what happens then? They withdrew the original amount we put in. many thanks for your expertise. I;m new to dealing with my own returns and new to Intuit so pls excuse any breaches of etiquette. I just realized my problem days before tax day.
