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LiquidDrift
Level 1
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  • I contributed too much for tax year 2019 in 2020, and rolled the excess into my 2020 contribution, BUT it's still over the limit because my earnings decreased i...
    LiquidDrift
    3
    Updated Apr 12, 2023
  • OK, thank you that is interesting. Your scenario is not quite what happened, but maybe similar enough to still do it. Here's what happened, with made up numbers...
    LiquidDrift
    1
    Updated Feb 18, 2021
  • OK, so I qualify for Covid IRA withdrawal, and I can pay it back this year. I guess I have to file an amended return? Does that mean I just have to mail in a fo...
    LiquidDrift
    3
    Updated Feb 18, 2021
  • Thank you for the detailed reply.This puts me in a big pickle, because yes it is a substantial amount in the 5 figures. Unfortunately my income for 2020 wasn't ...
    LiquidDrift
    5
    Updated Feb 18, 2021
  • Thanks for the reply.Box2a is the same amount as in box 1.The box 2b "Taxable amount notdetermined" is checked. The box 7 code is "1".This makes sense, I have n...
    LiquidDrift
    7
    Updated Feb 18, 2021
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