Correcting an excess traditional ira contribution made in 2018. had the excess returned with loss in earnings. gross distribution amount include the loss or just excess?
Correcting an excess traditional ira contribution made in 2018. had the excess returned with loss in earnings. gross distribution amount include the loss or just excess?
The gross amount distributed is the amount returned adjusted for the loss. When TurboTax asks how much was returned, be sure to tell TurboTax that the amount of contribution returned to you, not the lower amount distributed.