Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Where do I input the refund of a 2021 Excess IRA contribution prior to filing of the return
Where do I input the refund of a 2021 Excess IRA contribution prior to filing of the return
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
pkurt
Level 1
03-16-2022
11:23 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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?
Labels
2 Comments 2
qbteachmt
Level 15
03-16-2022
12:25 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
"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.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
