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ahb2018
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All in 2018, I contributed to my Roth IRA for 2017 then partially withdrew a portion as an excess contribution. Besides 1099-R for 2018, do I need additional 2017 forms?

 
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All in 2018, I contributed to my Roth IRA for 2017 then partially withdrew a portion as an excess contribution. Besides 1099-R for 2018, do I need additional 2017 forms?

Hopefully you told the IRA custodian that this was a return of contributions and not a normal distribution  so that they will return any earnings on the excess and code the resulting 2018 1099-R correctly that you will receive next February to report on next years tax return.

**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.**

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2 Replies

All in 2018, I contributed to my Roth IRA for 2017 then partially withdrew a portion as an excess contribution. Besides 1099-R for 2018, do I need additional 2017 forms?

Hopefully you told the IRA custodian that this was a return of contributions and not a normal distribution  so that they will return any earnings on the excess and code the resulting 2018 1099-R correctly that you will receive next February to report on next years tax return.

**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.**
ahb2018
New Member

All in 2018, I contributed to my Roth IRA for 2017 then partially withdrew a portion as an excess contribution. Besides 1099-R for 2018, do I need additional 2017 forms?

Yes, the withdrawal was processed as a return to remove excess contributions. Thanks.
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