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Retirement tax questions
I found a paragraph (added below) that matches my scenario. It seems to indicate the last round of penalties and taxes on NIA gains would be dealt with on my 2024 amended return. What's your interpretation?
Grateful for your input!
i8606 page 6:
If you timely filed your 2024 tax return without
withdrawing a contribution that you made in 2024, you can
still have the contribution returned to you within 6 months
of the due date of your 2024 tax return, excluding
extensions. If you do, file an amended return for your 2024
tax year with “Filed pursuant to section 301.9100-2”
entered at the top. Report any related earnings on the
amended return and include an explanation of the
withdrawn contribution.
May 28, 2025
2:45 AM