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Where do I input the refund of a 2021 Excess IRA contribution prior to filing of the return

pkurt
Level 1

My client inadvertently made an excess Traditional IRA contribution in 2021.  They contacted Fidelity who has recently refunded the excess contribution plus earnings.  The earnings will be reported on the 2021 Schedule B.  Where do I show the refund to offset the initial excess contribution?

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2 Comments 2
dascpa
Level 11

IRA Contributions Worksheet, Line 6 for withdrawn contributions before the due date.

qbteachmt
Level 15

"The earnings will be reported on the 2021 Schedule B. Where do I show the refund to offset the initial excess contribution?"

Not an Investment earnings event; it's a Retirement account mistake.

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