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Retirement tax questions
@jnpatla wrote:
I received the 1099-R for 2018 showing code 7 in box 7. Also was told the entire $6500 was excess contribution which is was I requested however I later found out that it earned $618.73 and want to know how to handle this as I did not receive this amount.
Please clarify. You said in the post above that "It was requested 4/12/19 but returned on 4/18/19" - did you mean 4/18/18? - if removed in 2019 you would not have a 2018 1099-R.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎October 13, 2019
2:59 PM