I'm 76, and not knowing it was't allowed I contributed to my traditional IRA, once at the end of 2016 and once beginning of 2017. The previously taxed contribution money was withdrawn early 2017, but the contribution(s) are increasing my total income and taxes. How do I correct this problem ?
My one 1099R has box 7=P, and the other has box 7=8. I can understand paying tax on the small dividends made on the contributions, but should the contribution be added to my total income when the contribution money was already previously taxed ?
