I made a 2022 Trad IRA contribution for which I didn't qualify. I contacted my FA(Wells Fargo) who in 2023 refunded, less the loss. No 1099-R rec'd. How do I submit ext.

[gardeningangel1]

Wells Fargo states they do not have a document to provide.

[Anonymous_]

@Mike9241 

[fanfare · Accepted solution]

return of excess contribution:

before tax due date including extension: positive earnings allocable to the excess are taxable on the Line 4b for the year of the contribution. negative earnings are ignored; in which case, for purposes of basis, consider the original requested amount as returned.

Since you had negative earnings, there is nothing for you to report on your 2022 tax return.

@gardeningangel1 

[gardeningangel1]

Thank you for making this seem so simple. Taxes are filed now, and only thanks to your help!