Sorry@Opus 17I jumped into this thread and probably made it confusing. I am not OP, I just had a different question that was related.I had $3,850 excess in 2023...
Hi@Opus 17- I am seeing mixed answers regarding a similar situation for me (or maybe I just misunderstood).I interpreted that the earnings on 2023 excess contri...
Sorry@dmertzone more follow up post:1) You said if I state $248 in medical expenses on my 2024 return, then the earnings on excess would avoid the tax and 20% p...
Unfortunate but understood, thanks for clarifying. I'm glad to just be done with this mess and start fresh with 2025.I had excess in 2024 as well but that was r...
@BillM223@dmertzWow so am I understanding correctly that the 2023 excess of $3,850 is included in Other Income in both the year of contribution AND distribution...
