I assume that you meant to say that yourwife(not the employer) contributed $22,500 for 2023 at both employers."As I understand it, we need to figure out how muc...
1. To avoid a penalty and double taxation of the excess contribution for 2023, Yes, a return of the excess 2023 contribution must be obtained.2. Yes, the 2023 f...
Investments within an IRA do not have a capital cost basis. The entire balance in the IRA is tax-deferred income and is entirely taxable when distributed unless...
In TurboTax, when entering the Form 1099-R, you indicate that you were a PSO and you indicate that money from the distribution was used to pay for health insura...