rkovelman
New Member

Retirement tax questions

I will need a moment to digest what you wrote but this was a contribution made in 2019, and then just the excess was returned in 2020, but prior to April 15th deadline. I will not be penalized for this. I know I do not pay taxes on the total amount in 2019, just the gross overages, not the earnings.  That is where my focus is, just the overages/excess contribution.