JonBoy69
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Best answer! VERY clear. Thank you.One last question, early on in the 2020 tax year she withdrew $1100.00 as a normal distribution (before making the excess con...
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Got it. Would the 8606 need to be filed with the 2020 return or next year with the 2021? I assume the 8606 would need to report the excess in one of the years.
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Regarding the return of contribution: Would she need to contact the bank to do that or just do the withdrawal herself like a normal withdrawal?Would she still f...
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Oh I understand. Thats terrible lol. Well thankfully its only about $5000.00 that is non deductible. What if she takes withdrawals in the same tax year as she m...
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So to avoid the amended return, isn't it easier to just fie form 8606 with the 2020 return and list the funds as non deductible. Then make the withdrawal in 202...
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