qbteachmt
Level 15
04-08-2023
04:01 PM
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"It is crazy that excess contribution is not one of the choices."
What? I keep using the links I gave, and that is explained in the very first one I provided as a reply two days ago:
"8 - Excess contributions plus earnings/excess deferrals taxable in 20YY [current tax year]
Use code 8 for an IRA distribution under section 408(d)(4), unless code P applies.
- Also, use this code for corrective distributions of excess deferrals, excess contributions, and excess aggregate contributions, unless code P applies.
- Refer to Corrective distributions on page 6 and IRA Revocation or Account Closure on page 3 for more information.
*Used with code (if applicable): 1, 2, 4, B, or J."
Which is why I offered it to you to read about. You should use references offered. It might save you from going in circles next time.
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
