rbynaker
Level 14
03-12-2022
02:48 PM
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Probably.
I'm usually the one who tells the client they have an excess contribution so I'm always proactive in working with the client/custodian to figure out how much earnings have to be removed and include that amount prospectively on the current year return. Then when the 1099-R arrives next year I just match it up and stick it in the file.
Rick