qbteachmt
Level 15
04-17-2021
11:11 AM
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Yes. You would still need to show an excess was made and needs to be reversed, and there should be a corrective distribution. It would be less than the original contribution.
You amend for a number of reasons, and no one here knows what or how many applies to your taxpayer. That can be for reasons of taking a deduction, for changed AGI or MAGI, for updating basis, form 8606, for penalty, interest, excise tax owed.
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Don't yell at us; we're volunteers