windtrix
New Member

Retirement tax questions

Thank you! I also made an excess contribution last month for 2018. That was also backed out, but with a loss. When I get the 2018 1099-R will the amount be the 2017 earnings minus the 2018 loss or will I get two separate 1099-R forms? How will I report the 2018 loss on my 2018 taxes since I am reporting the 2017 earnings as you have described above. Since it is a small loss and not subject to taxes can I just ignore it?