I should add that just like NeedsHelp above, line 2a says 0 BECAUSE they neglected to take out the earnings.'
We contacted them yesterday and there were indeed earnings, as I knew there had to be given amount of contribution and time it was in. So we have now put back the 2 earnings into Trad IRA and have 2 more Excess Contributions to deal with. There is however no 1099R this year for these. I know it will come next year .But I am paying tax now and want to pay the tax on it now since there is interest. Can I do that? or must I just consider the 2 that have 0 without the NIA on this tax return and wait till next year? This is so confusing because I have the right information now and want to correct it right now. I dont want to have to amend this return- knowing before I've even completed it that it's wrong. Can I do that despite not having 1099-R for the 2024 excess earnings contribution? Clearly I have to amend the 2023 return now. thanks.
