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Retirement tax questions
If i didn't re characterize my ROTH as you suggested , but instead moved my excess contribution back to a regular non-IRA account, got the calculated interest gained and reported it on my 2018 taxes via FORM 4852, should that be sufficient? Where I am perplexed is that now in 2019, I get FORM 1099R from my financial institution, with the same information. I shouldn't have to pay the interest gained on my excess contribution twice! Can i merely ignore the 1099 forms?
March 19, 2020
4:04 PM