how to calculate excess contribution for traditional IRA

8rainbow — Sun, 15 Feb 2026 15:07:05 GMT

I was not aware that as a retired person with no earned income, I was not allowed to contribute to a traditional IRA. I contributed total $5,000 in Feb. March, April and September last year. I know what I should do now is to remove the excess contribution and the gain if any from my IRA account by 4/15 this year. But I still have more questions about this procedure.

How to calculate gain and loss in my case?

How to file my tax return this year without 1099-R which will come to me next year?

If I choose to wait until I receive the 2026 Form 1099-R in 2027 and amend my 2025 return, should I report excess contribution and pay the penalty this year?

Many thanks to you.

Re: how to calculate excess contribution for traditional IRA

Opus 17 — Sun, 15 Feb 2026 18:07:23 GMT

Duplicate.

topic how to calculate excess contribution for traditional IRA in Retirement tax questions

how to calculate excess contribution for traditional IRA

Re: how to calculate excess contribution for traditional IRA