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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.
March 31, 2020
12:30 PM