Thank you. That makes sense with your original reply of earnings in the Corrective Distro. And yes, I confirm when I put earnings in corrective distro box, that...
That doesnt make sense to me. I been monitoring the changes TT makes to Form 5329 (Additional Taxes on Qualified Plans). If you put the 1200 contribution in the...
You state:Also, for someone under age 59-1/2, the question may be used to determine the returned contribution is not taxable. (Even though Turbotax should alrea...
I do have one follow-up question to this advice. What is the purpose of #12, why is that needed to add the gain/earnings the $1200 made? I don't really understa...
I am now a bit confused...Opus previous said I do not need to report the 1200 excess contribution just the gain that it made. But if I understand your guidance,...
