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New Member
posted Feb 6, 2021 3:46:13 PM

I do not understand why it is saying "you told us that you received a withdrawal of an excess traditional IRA contribution from2019" I do not know what this means.?

What is an excess traditional IRA contribution?

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1 Replies
Level 15
Feb 6, 2021 5:08:24 PM

Did you mistakenly enter a zero in box 2a of a 1099-R form reporting a distribution from an IRA?  A Form 1099-R with code 1, 2 or 7 in box 7 and the IRA/SEP/SIMPLE box marked must always have box 2a equal to box 1 except in the rare case where you have obtained a distribution of an excess contribution after the due date of the tax return for the year for which the excess contribution was made.