qbteachmt
Level 15
03-31-2021
11:19 AM
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You are handling Corrective Distribution, not Loss reporting.
I like web articles meant for the investor, such as:
https://www.fool.com/retirement/plans/roth-ira/excess-contribution/
https://www.taxact.com/support/1280/2016/ira-or-roth-ira-excess-contributions
https://www.investopedia.com/articles/retirement/04/042804.asp
And of course, the IRS:
https://www.irs.gov/publications/p590a
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Don't yell at us; we're volunteers