To make sure I understand.
The custodian put 8 not X- my mistake- in line 2a. Not 7. But 8 seems correct as it was an excess contribution for 2024, which they then put back in taxable account. They forgot about the earnings.
I want to just finish on the 2024 return not go back and amend 2023. I already said the custodian wont change anything. I have to move past that.
So are you changing The1099 myself I can resolve the 2023 problem? I sometimes cannot tell whether you are referring to the 2023 or the 2024 1099.
I completed the 2024 return but didnt file yet. I just left everything as is like they had it-excess distribution 8000 and line 2a 0. I already said it was simply an excess contribution. It asked for comment and I just said we put it in and took it out. are you saying I should change the 1099 online somewhere ( I don't know how to do that) and change to 7 , which is normal distribution?
One reason we are confused is because there are 2 1099rs. it would be helpful to have 2 separate replies .ONe that is labelled to the 2024 1099R and the other for the 2023 1099 since they are 2 different scenarios
I want to file this 2024 return and change the 1099R if I have to do that and I can figure out how,.
I want not to have to amend the 2023 return and though I dont understand everything you say about the tax or penalty , whatever the very simplest way is not to have to amend that's what I want to do. it seems like also changing it also to a 7 (normal distribution) and then changing to 'tax undetermined" is hte simplest but at this point we need a step-by-step to have the time to do that.
Many thanks again, susan
and for 2023
