qbteachmt
Level 15
07-12-2022
04:36 PM
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"was for an excess contribution in 2019 and reported on the 2021 1099-R"
The contribution in 2019 was for tax year 2019 or 2018 (made by the due date of that return)?
"The broker advises that the 6,000 is a return of contribution all basis so non taxable."
Unfortunately, that is not true this late in the game. Read this:
https://www.investopedia.com/what-to-do-if-you-contribute-too-much-to-your-roth-ira-4770686
If it was removed in the timeframe to make it moot, that would be true. Not true now.
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