Could you please clarify?- When you filed your 2023 original return, if you already reported the excess contribution and earnings, where does the tax liability ...
Box 1 amount is the excess contributionBox 2 amount is the earnings. Do note that Box 1 amount minus Box 2 amount is the actual excess contribution.Box 3 distri...
As the earlier member explained, excess contribution amount for 2023 (including earnings on the same) was captured asOther Income in the 2023 tax return since t...
Did you get a resolution? I am in the same boat (and I am sure there are others). It doesn't seem right that we have to pay tax twice on the excess contribution...
